Insider Selling: ARM (NASDAQ:ARM) Insider Sells $703,386.00 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider William Abbey sold 2,300 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $305.82, for a total value of $703,386.00. Following the completion of the sale, the insider directly owned 31,329 shares of the company’s stock, valued at approximately $9,581,034.78. This trade represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, May 21st, William Abbey sold 4,655 shares of ARM stock. The stock was sold at an average price of $287.03, for a total transaction 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 Trading Up 10.8%

ARM opened at $335.27 on Friday. The stock has a market cap of $354.22 billion, a price-to-earnings ratio of 399.13, a PEG ratio of 10.99 and a beta of 3.40. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $349.42. The stock has a fifty day moving average price of $194.77 and a 200 day moving average price of $147.97.

ARM (NASDAQ:ARMGet Free Report) last released its quarterly earnings data 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 return on equity of 12.43% and a net margin of 18.37%. As a group, sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of research reports. Royal Bank Of Canada lifted their price objective on ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, February 5th. Jefferies Financial Group set a $290.00 price objective on ARM in a research report on Thursday, May 21st. Rosenblatt Securities upped their price target on ARM from $175.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Barclays upped their price target on ARM from $200.00 to $250.00 and gave the company an “overweight” rating in a report 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.79.

View Our Latest Analysis on ARM

Institutional Investors Weigh In On ARM

Large investors have recently bought and sold shares of the business. Syntax Research Inc. bought a new stake in ARM during the 1st quarter worth approximately $30,000. Evelyn Partners Investment Management Services Ltd bought a new stake in ARM during the 1st quarter worth approximately $30,000. FWL Investment Management LLC bought a new stake in ARM during the 2nd quarter worth approximately $34,000. Cassaday & Co Wealth Management LLC bought a new stake in ARM during the 1st quarter worth approximately $40,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in ARM during the 4th quarter worth approximately $30,000. 7.53% of the stock is currently owned by institutional investors.

Key Headlines Impacting ARM

Here are the key news stories impacting ARM this week:

About ARM

(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.

Further Reading

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

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