ARM (NASDAQ:ARM) Insider Charlotte Claire Eaton Sells 4,000 Shares of Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider Charlotte Claire Eaton sold 4,000 shares of ARM stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $282.77, for a total transaction of $1,131,080.00. Following the completion of the sale, the insider owned 7,805 shares in the company, valued at approximately $2,207,019.85. This represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Charlotte Claire Eaton also recently made the following trade(s):

  • On Wednesday, May 20th, Charlotte Claire Eaton sold 3,100 shares of ARM stock. The shares were sold at an average price of $252.25, for a total transaction of $781,975.00.

ARM Stock Performance

NASDAQ ARM opened at $298.23 on Friday. The company has a market capitalization of $315.08 billion, a P/E ratio of 355.04, a P/E/G ratio of 9.32 and a beta of 3.40. ARM Holdings PLC Sponsored ADR has a one year low of $100.02 and a one year high of $298.70. The stock has a 50 day moving average price of $175.32 and a 200-day moving average price of $142.53.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. HSBC raised ARM from a “reduce” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $205.00 in a research note on Friday, March 20th. Jefferies Financial Group set a $290.00 price objective on ARM in a research note on Thursday. The Goldman Sachs Group boosted their price objective on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Wells Fargo & Company boosted their price objective on ARM from $220.00 to $255.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, TD Cowen boosted their price objective on ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus target price of $208.79.

Check Out Our Latest Stock Analysis on ARM

Key ARM News

Here are the key news stories impacting ARM this week:

Hedge Funds Weigh In On ARM

Hedge funds have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC bought a new position in ARM in the 3rd quarter valued at $28,000. Syntax Research Inc. bought a new position in ARM in the 1st quarter valued at $30,000. Evelyn Partners Investment Management Services Ltd bought a new position in ARM in the 1st quarter valued at $30,000. Mcguire Capital Advisors Inc. bought a new position in ARM in the 4th quarter valued at $30,000. Finally, Navalign LLC bought a new position in ARM in the 4th quarter valued at $33,000. Institutional investors own 7.53% of the company’s stock.

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.

Featured Articles

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

Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.