ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Get Free Report) traded down 8.5% during mid-day trading on Friday . The stock traded as low as $208.50 and last traded at $209.16. 10,038,175 shares were traded during mid-day trading, an increase of 28% from the average session volume of 7,814,196 shares. The stock had previously closed at $228.50.
More ARM News
Here are the key news stories impacting ARM this week:
- Positive Sentiment: Arm’s software and hardware ecosystem continues to reinforce its competitive moat, supporting its leadership in smartphones and device computing. ARM’s Powerful Ecosystem Advantage Drives Market Leadership
- Positive Sentiment: Recent reporting says Arm and SoftBank tried to buy Cerebras, signaling continued ambition to expand Arm’s footprint in AI semiconductors. Arm’s Cerebras Bid Sheds Light On AI Chip Expansion Plans
- Positive Sentiment: UBS data showed ARM gaining server chip share at Intel’s expense, reinforcing the bull case for Arm’s long-term growth in data center and AI-related markets. New report shows AMD and ARM continue server share gains at Intel’s expense
- Neutral Sentiment: Analysts warned that the AI trade may be taking a breather, which has weighed on chip stocks broadly rather than on ARM-specific fundamentals. The AI Trade Takes a Breather to End the Week
- Neutral Sentiment: A major insider sale by Spencer Collins may be adding near-term pressure, though it does not change the company’s operating outlook by itself. ARM Insider Spencer Collins Sells 51,961 Shares
- Negative Sentiment: Another market note linked ARM to warnings about a potential chip-stock bubble, contributing to the day’s risk-off sentiment in semiconductor names. Intel Stock Is Falling as Analyst Issues Chip-Stock Bubble Warning
Analyst Ratings Changes
Several analysts recently issued reports on the company. New Street Research upgraded ARM from a “neutral” rating to a “buy” rating in a report on Thursday, February 5th. Barclays increased 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. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price target (up from $135.00) on shares of ARM in a report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Monday, April 20th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ARM in a report on Thursday, May 7th. Nineteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.61.
ARM Trading Down 8.5%
The business’s 50-day simple moving average is $164.92 and its two-hundred day simple moving average is $140.59. The company has a market capitalization of $220.98 billion, a PE ratio of 249.00, a PEG ratio of 7.21 and a beta of 3.40.
ARM (NASDAQ:ARM – Get Free Report) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. The company 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%. On average, analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.
Insider Buying and Selling at ARM
In other ARM news, CEO Rene A. Haas sold 23,867 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $161.17, for a total value of $3,846,644.39. Following the completion of the transaction, the chief executive officer directly owned 290,965 shares of the company’s stock, valued at $46,894,829.05. This represents a 7.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason Child sold 21,280 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the completion of the transaction, the chief financial officer directly owned 174,706 shares of the company’s stock, valued at approximately $25,921,129.22. The trade was a 10.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 135,673 shares of company stock valued at $24,616,433 in the last ninety days.
Hedge Funds Weigh In On ARM
Large investors have recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC bought a new position in shares of ARM during the third quarter worth about $28,000. Syntax Research Inc. bought a new position in shares of ARM during the first quarter worth about $30,000. Mcguire Capital Advisors Inc. bought a new position in shares of ARM during the fourth quarter worth about $30,000. Navalign LLC bought a new position in shares of ARM during the fourth quarter worth about $33,000. Finally, FWL Investment Management LLC bought a new position in shares of ARM during the second quarter worth about $34,000. Institutional investors own 7.53% of the company’s stock.
About ARM
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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