ARM (NASDAQ:ARM) Insider Sells $703,386.00 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider William Abbey sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $305.82, for a total transaction of $703,386.00. Following the transaction, the insider owned 31,329 shares in the company, valued at $9,581,034.78. The trade was a 6.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, May 21st, William Abbey sold 4,655 shares of ARM stock. The stock was sold at an average price of $287.03, for a total transaction of $1,336,124.65.
  • On Wednesday, May 20th, William Abbey sold 5,069 shares of ARM stock. The shares were sold at an average price of $257.18, for a total transaction of $1,303,645.42.
  • On Tuesday, May 19th, William Abbey sold 10,887 shares of ARM stock. The shares were 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 Price Performance

ARM stock traded up $15.01 during trading hours on Tuesday, hitting $321.52. 10,864,800 shares of the stock traded hands, compared to its average volume of 8,198,531. The firm’s 50 day moving average price is $182.87 and its 200-day moving average price is $144.53. The stock has a market capitalization of $339.69 billion, a price-to-earnings ratio of 382.76, a P/E/G ratio of 11.13 and a beta of 3.40. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $325.00.

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

Hedge Funds Weigh In On ARM

Several large investors have recently made changes to their positions in ARM. Amundi grew its position in ARM by 24.8% during the first quarter. Amundi now owns 11,804 shares of the company’s stock valued at $1,153,000 after buying an additional 2,345 shares during the period. Empowered Funds LLC raised its position in shares of ARM by 28.8% in the first quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock worth $522,000 after acquiring an additional 1,094 shares during the period. Schnieders Capital Management LLC. raised its position in shares of ARM by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock worth $393,000 after acquiring an additional 200 shares during the period. Bank of Nova Scotia purchased a new stake in shares of ARM during the 2nd quarter worth about $556,000. Finally, State Street Corp boosted its stake in shares of ARM by 14.7% during the 2nd quarter. State Street Corp now owns 441,445 shares of the company’s stock worth $71,399,000 after acquiring an additional 56,656 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Key ARM News

Here are the key news stories impacting ARM this week:

Analysts Set New Price Targets

Several research firms have recently commented on ARM. Raymond James Financial reaffirmed an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Needham & Company LLC raised their target price on shares of ARM from $200.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. New Street Research upgraded shares of ARM from a “neutral” rating to a “buy” rating in a research report on Thursday, February 5th. HSBC raised ARM from a “reduce” rating to a “buy” rating and increased their price target for the stock from $90.00 to $205.00 in a research report on Friday, March 20th. Finally, Rosenblatt Securities boosted their price objective on ARM from $175.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.79.

Check Out Our Latest Stock Report on ARM

About ARM

(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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