ARM (NASDAQ:ARM) Insider Sells $313,823.00 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) insider William Abbey sold 1,577 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $199.00, for a total transaction of $313,823.00. Following the sale, the insider owned 54,240 shares of the company’s stock, valued at approximately $10,793,760. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 20th, William Abbey sold 5,069 shares of ARM stock. The stock was 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 stock was 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 stock was sold at an average price of $212.55, for a total transaction of $1,487,850.00.

ARM Stock Up 16.2%

NASDAQ ARM opened at $298.23 on Friday. The stock has a market capitalization of $315.08 billion, a PE ratio of 355.04, a price-to-earnings-growth ratio of 9.32 and a beta of 3.40. The company has a 50 day moving average price of $175.32 and a two-hundred day moving average price of $142.53. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $298.70.

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 firm had revenue of $1.49 billion during the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. As a group, equities analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Guggenheim lifted their target price on shares of ARM from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of ARM from $180.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 5th. Finally, TD Cowen boosted their price objective on shares of ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.79.

Institutional Trading of ARM

Institutional investors and hedge funds have recently modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of ARM in the third quarter worth $28,000. Syntax Research Inc. acquired a new stake in shares of ARM in the first quarter worth $30,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in shares of ARM in the first quarter worth $30,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of ARM in the fourth quarter worth $30,000. Finally, Navalign LLC acquired a new position in ARM during the 4th quarter valued at $33,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

More ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Jefferies said Nvidia’s bullish comments on its Arm-based Vera CPU business are a positive signal for ARM, reiterating a Buy rating and $290 price target. Article: Nvidia CPU comments read positively for this chip stock: analyst
• Positive Sentiment: Bernstein initiated coverage with an Outperform rating and a $300 price target, highlighting Arm’s upside in CPUs and chip IP as AI infrastructure spending grows. Article: What Is Going On With Arm Stock On Wednesday?
• Positive Sentiment: Multiple reports said ARM rallied on renewed AI optimism, with investors viewing the company as a core pick in custom silicon and AI-related semiconductor spending. Article: Why Arm Holdings Stock Surged to an All-Time High Today
• Neutral Sentiment: Several insiders, including CFO Jason Child, disclosed stock sales. Some were tied to pre-arranged 10b5-1 plans or tax withholding on vested awards, so they are not necessarily a negative operating signal.
• Neutral Sentiment: There is also ongoing chatter about a possible U.S. antitrust probe, which adds uncertainty but is still early-stage and not a confirmed finding.

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.