ARM (NASDAQ:ARM) Trading Up 1% – Time to Buy?

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)’s stock price was up 1% during mid-day trading on Monday . The stock traded as high as $364.35 and last traded at $346.39. Approximately 8,931,858 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 8,599,483 shares. The stock had previously closed at $342.93.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ARM shares. The Goldman Sachs Group upped their target price on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Susquehanna upped their target price on ARM from $170.00 to $210.00 and gave the company a “positive” rating in a report on Thursday, April 16th. Royal Bank Of Canada upped their target price on ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Monday, April 20th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.04.

ARM Stock Performance

The company has a 50 day moving average of $224.64 and a 200-day moving average of $158.11. The stock has a market cap of $365.97 billion, a price-to-earnings ratio of 412.37, a price-to-earnings-growth ratio of 12.45 and a beta of 3.78.

ARM (NASDAQ:ARM) last posted its earnings results 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 for the quarter. On average, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Insider Activity

In related news, insider Richard Roy Grisenthwaite sold 24,339 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $209.15, for a total transaction of $5,090,501.85. Following the transaction, the insider owned 5,543 shares of the company’s stock, valued at approximately $1,159,318.45. This represents a 81.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Spencer Collins sold 51,961 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the transaction, the insider directly owned 51,125 shares in the company, valued at approximately $10,824,696.25. The trade was a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 301,338 shares of company stock worth $66,030,158 in the last quarter.

Hedge Funds Weigh In On ARM

Several hedge funds have recently bought and sold shares of ARM. Syntax Research Inc. acquired a new stake in ARM in the 1st quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in ARM in the 1st quarter valued at about $30,000. Mcguire Capital Advisors Inc. acquired a new stake in ARM in the 4th quarter valued at about $30,000. Navalign LLC acquired a new stake in ARM in the 4th quarter valued at about $33,000. Finally, FWL Investment Management LLC acquired a new stake in ARM in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Company Profile

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.