Insider Selling: ARM (NASDAQ:ARM) Insider Sells $8,802,315.00 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider Spencer Collins sold 40,941 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $215.00, for a total transaction of $8,802,315.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Spencer Collins also recently made the following trade(s):

  • On Monday, May 11th, Spencer Collins sold 51,961 shares of ARM stock. The shares were sold at an average price of $211.73, for a total transaction of $11,001,702.53.

ARM Trading Up 2.8%

Shares of ARM stock opened at $306.51 on Friday. The firm has a 50-day moving average price of $179.05 and a 200 day moving average price of $143.68. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $315.00. The company has a market capitalization of $323.83 billion, a price-to-earnings ratio of 364.89, a PEG ratio of 11.13 and a beta of 3.40.

ARM (NASDAQ:ARMGet Free Report) last announced its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share 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, research analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

ARM News Roundup

Here are the key news stories impacting ARM this week:

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ARM. Amundi increased its stake in shares of ARM by 24.8% during the 1st quarter. Amundi now owns 11,804 shares of the company’s stock valued at $1,153,000 after acquiring an additional 2,345 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of ARM by 28.8% during the 1st quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock worth $522,000 after purchasing an additional 1,094 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of ARM by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock worth $393,000 after purchasing 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 grew its holdings 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 purchasing an additional 56,656 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the subject of several analyst reports. KeyCorp reissued an “overweight” rating on shares of ARM in a research note on Thursday, February 5th. Barclays upped their price objective on shares of ARM from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price objective on shares of ARM from $125.00 to $150.00 and gave the company a “sell” rating in a research note on Thursday, May 7th. Finally, TD Cowen upped their price objective on shares of ARM from $165.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $208.79.

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About ARM

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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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