ARM (NASDAQ:ARM) Insider Sells $1,336,124.65 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider William Abbey sold 4,655 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $287.03, for a total value of $1,336,124.65. Following the completion of the sale, the insider owned 33,629 shares of the company’s stock, valued at approximately $9,652,531.87. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

William Abbey also recently made the following trade(s):

  • On Wednesday, May 20th, William Abbey sold 5,069 shares of ARM stock. The stock was sold at an average price of $257.18, for a total value of $1,303,645.42.
  • On Tuesday, May 19th, William Abbey sold 10,887 shares of ARM stock. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18.
  • On Friday, May 15th, William Abbey sold 7,000 shares of ARM stock. The stock was sold at an average price of $212.55, for a total value of $1,487,850.00.
  • On Thursday, April 23rd, William Abbey sold 1,577 shares of ARM stock. The stock was sold at an average price of $199.00, for a total value of $313,823.00.

ARM Stock Up 2.8%

ARM traded up $8.28 during trading on Friday, reaching $306.51. The company had a trading volume of 13,908,656 shares, compared to its average volume of 8,170,730. The stock has a market cap of $323.83 billion, a P/E ratio of 364.89, a PEG ratio of 9.32 and a beta of 3.40. The business has a 50 day simple moving average of $175.32 and a 200-day simple moving average of $142.53. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $315.00.

ARM (NASDAQ:ARMGet Free Report) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $1.49 billion during the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. As a group, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Institutional Trading of ARM

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley raised its holdings in shares of ARM by 1.2% in the fourth quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock valued at $413,521,000 after acquiring an additional 45,314 shares in the last quarter. Invesco Ltd. grew its stake in ARM by 36.9% in the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after purchasing an additional 654,727 shares during the last quarter. Coatue Management LLC grew its stake in ARM by 1.8% in the fourth quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock valued at $251,413,000 after purchasing an additional 40,174 shares during the last quarter. Wellington Management Group LLP grew its stake in ARM by 41.6% in the fourth quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock valued at $234,925,000 after purchasing an additional 631,576 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in ARM by 11.0% in the fourth quarter. Schroder Investment Management Group now owns 1,891,310 shares of the company’s stock valued at $206,739,000 after purchasing an additional 187,035 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Key Stories Impacting ARM

Here are the key news stories impacting ARM this week:

Analysts Set New Price Targets

ARM has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on ARM from $200.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. TD Cowen lifted their target price on ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada lifted their target price on ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on ARM from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $208.79.

Read Our Latest Report on ARM

ARM Company Profile

(Get Free Report)

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.

Further Reading

Insider Buying and Selling by Quarter for ARM (NASDAQ:ARM)

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