ARM (NASDAQ:ARM) Insider Charlotte Claire Eaton Sells 7,805 Shares

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider Charlotte Claire Eaton sold 7,805 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $290.01, for a total transaction of $2,263,528.05. Following the sale, the insider owned 5,000 shares in the company, valued at approximately $1,450,050. The trade was a 60.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, May 21st, Charlotte Claire Eaton sold 4,000 shares of ARM stock. The stock was sold at an average price of $282.77, for a total transaction of $1,131,080.00.
  • On Wednesday, May 20th, Charlotte Claire Eaton sold 3,100 shares of ARM stock. The stock was sold at an average price of $252.25, for a total transaction of $781,975.00.

ARM Price Performance

ARM stock traded up $8.28 during midday trading on Friday, hitting $306.51. The company’s stock had a trading volume of 13,908,656 shares, compared to its average volume of 8,170,730. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $315.00. The company’s fifty day moving average price is $175.32 and its 200 day moving average price is $142.53. The stock has a market capitalization of $323.83 billion, a P/E ratio of 364.89, a PEG ratio of 9.32 and a beta of 3.40.

ARM (NASDAQ:ARMGet Free Report) last issued its quarterly 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 for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. Equities analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ARM has been the subject of several research analyst reports. Rosenblatt Securities lifted their target price on shares of ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Susquehanna lifted their target price on shares of ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a report on Thursday, April 16th. UBS Group reduced their target price on shares of ARM from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ARM in a report on Monday, April 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 5th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.79.

Read Our Latest Stock Report on ARM

ARM News Summary

Here are the key news stories impacting ARM this week:

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its position in shares of ARM by 1.2% in the 4th quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock valued at $413,521,000 after buying an additional 45,314 shares in the last quarter. Invesco Ltd. raised its position in shares of ARM by 36.9% in the 4th quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after buying an additional 654,727 shares in the last quarter. Coatue Management LLC raised its position in shares of ARM by 1.8% in the 4th quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock valued at $251,413,000 after buying an additional 40,174 shares in the last quarter. Wellington Management Group LLP raised its position in shares of ARM by 41.6% in the 4th quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock valued at $234,925,000 after buying an additional 631,576 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of ARM by 11.0% in the 4th quarter. Schroder Investment Management Group now owns 1,891,310 shares of the company’s stock valued at $206,739,000 after buying an additional 187,035 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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

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