ARM (NASDAQ:ARM) Insider William Abbey Sells 4,200 Shares of Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) insider William Abbey sold 4,200 shares of ARM stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $343.81, for a total value of $1,444,002.00. Following the completion of the transaction, the insider owned 27,129 shares in the company, valued at $9,327,221.49. This trade represents a 13.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, May 22nd, William Abbey sold 2,300 shares of ARM stock. The shares were sold at an average price of $305.82, for a total value of $703,386.00.
• 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 value 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 value 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 shares were 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 shares were sold at an average price of $199.00, for a total value of $313,823.00.

ARM Price Performance

ARM opened at $408.85 on Tuesday. The business’s 50-day moving average is $204.85 and its two-hundred day moving average is $151.19. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $421.69. The firm has a market capitalization of $431.95 billion, a PE ratio of 486.73, a price-to-earnings-growth ratio of 12.83 and a beta of 3.77.

ARM (NASDAQ:ARM) last posted its 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 for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. As a group, sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Institutional Investors Weigh In On ARM

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rathbones Group PLC lifted its holdings in ARM by 4,638.8% in the fourth quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock valued at $54,660,000 after acquiring an additional 489,491 shares during the period. Paragon Capital Management Inc. acquired a new position in ARM in the fourth quarter valued at approximately $826,000. Lansdowne Partners UK LLP acquired a new position in ARM in the third quarter valued at approximately $8,486,000. Hyperion Asset Management Ltd acquired a new position in ARM in the third quarter valued at approximately $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ARM by 34.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock valued at $2,644,000 after acquiring an additional 6,232 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARM. Guggenheim boosted their price target on ARM from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial restated an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Mizuho boosted their price target on ARM from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday. UBS Group dropped their price target on ARM from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, Morgan Stanley restated an “equal weight” rating and set a $150.00 price target (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.92.

Key Stories Impacting ARM

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Nvidia’s RTX Spark launch reportedly uses an Arm design for the central processing unit, giving Arm a high-profile win and boosting confidence that its architecture could gain share in AI PCs. Arm Stock Jumps As Chip Designer Joins Nvidia PC Effort
• Positive Sentiment: Multiple reports said Arm hit a record high as investors viewed Nvidia’s chip announcement as validation of Arm’s technology and a potential catalyst for future licensing and royalty growth. Why Arm Stock Hit a Record High on Nvidia’s Chip Announcement
• Positive Sentiment: Coverage around Nvidia’s new PC push highlighted that the chip will appear in devices from major OEMs, reinforcing the commercial relevance of Arm’s ecosystem and lifting sentiment across the sector. Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
• Neutral Sentiment: An insider sale by William Abbey of 4,200 shares was disclosed, but it appears smaller than the AI-PC-driven optimism and was likely not the main stock driver. Insider trade disclosure

About ARM

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.