William Abbey Sells 6,566 Shares of ARM (NASDAQ:ARM) Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider William Abbey sold 6,566 shares of ARM stock in a transaction on Monday, June 1st. The stock was sold at an average price of $402.72, for a total value of $2,644,259.52. Following the sale, the insider owned 20,563 shares in the company, valued at $8,281,131.36. The trade was a 24.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, May 28th, William Abbey sold 4,200 shares of ARM stock. The stock was sold at an average price of $343.81, for a total value of $1,444,002.00.
  • On Friday, May 22nd, William Abbey sold 2,300 shares of ARM stock. The stock was 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 Stock Performance

Shares of ARM stock opened at $393.12 on Friday. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $427.99. The stock’s 50-day simple moving average is $220.92 and its 200 day simple moving average is $156.68. The stock has a market capitalization of $415.34 billion, a P/E ratio of 468.00, a P/E/G ratio of 14.96 and a beta of 3.78.

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 business had revenue of $1.49 billion for the quarter. Equities research analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Syntax Research Inc. purchased a new position in shares of ARM during the first quarter worth about $30,000. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of ARM during the first quarter worth about $30,000. FWL Investment Management LLC purchased a new position in shares of ARM during the second quarter worth about $34,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ARM during the first quarter worth about $40,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of ARM during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Key Stories Impacting ARM

Here are the key news stories impacting ARM this week:

Analyst Ratings Changes

ARM has been the subject of a number of recent analyst reports. HSBC raised ARM from a “reduce” rating to a “buy” rating and lifted their target price for the company from $90.00 to $205.00 in a report on Friday, March 20th. Benchmark reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 5th. Sanford C. Bernstein initiated coverage on ARM in a report on Monday, May 18th. They set an “outperform” rating and a $300.00 target price for the company. Wells Fargo & Company lifted their target price on ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a report on Monday. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $226.92.

Get Our Latest Research 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.

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

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