ARM (NASDAQ:ARM) Insider William Abbey Sells 2,300 Shares of Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider William Abbey sold 2,300 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $305.82, for a total value of $703,386.00. Following the sale, the insider owned 31,329 shares of the company’s stock, valued at approximately $9,581,034.78. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, May 21st, William Abbey sold 4,655 shares of ARM stock. The shares were 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 transaction of $2,440,212.18.
  • On Friday, May 15th, William Abbey sold 7,000 shares of ARM stock. The shares were sold at an average price of $212.55, for a total transaction of $1,487,850.00.
  • On Thursday, April 23rd, William Abbey sold 1,577 shares of ARM stock. The shares were sold at an average price of $199.00, for a total transaction of $313,823.00.

ARM Stock Up 4.9%

NASDAQ ARM opened at $321.52 on Wednesday. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $325.00. The firm has a market capitalization of $339.69 billion, a P/E ratio of 382.76, a PEG ratio of 11.13 and a beta of 3.40. The company has a 50-day moving average price of $186.99 and a 200-day moving average price of $145.67.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Needham & Company LLC upped their price target on shares of ARM from $200.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada upped their price target on shares of ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Rosenblatt Securities boosted their price objective on ARM from $175.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Benchmark reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their price objective on ARM from $180.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.79.

Get Our Latest Research Report on ARM

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARM. Capital Research Global Investors bought a new position in ARM in the 3rd quarter worth approximately $243,098,000. Northwestern Mutual Wealth Management Co. boosted its stake in ARM by 2,623.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock worth $182,743,000 after purchasing an additional 1,610,403 shares during the period. Hyperion Asset Management Ltd purchased a new stake in shares of ARM during the 3rd quarter worth approximately $202,980,000. Employees Provident Fund Board purchased a new stake in shares of ARM during the 4th quarter worth approximately $120,241,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of ARM by 1,203.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,152 shares of the company’s stock worth $142,983,000 after acquiring an additional 872,644 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM News Summary

Here are the key news stories impacting ARM this week:

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.

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

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