ARM (NASDAQ:ARM) CFO Sells $7,231,156.80 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) CFO Jason Child sold 31,920 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total value of $7,231,156.80. Following the completion of the sale, the chief financial officer owned 174,232 shares in the company, valued at $39,470,517.28. This trade represents a 15.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Child also recently made the following trade(s):

  • On Wednesday, April 22nd, Jason Child sold 21,280 shares of ARM stock. The shares were sold at an average price of $180.00, for a total value of $3,830,400.00.
  • On Wednesday, March 25th, Jason Child sold 21,280 shares of ARM stock. The shares were sold at an average price of $148.37, for a total value of $3,157,313.60.

ARM Stock Up 2.8%

NASDAQ ARM opened at $306.51 on Friday. The stock’s 50-day simple moving average is $179.05 and its two-hundred day simple moving average is $143.68. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $315.00. The company has a market capitalization of $323.83 billion, a price-to-earnings ratio of 364.89, a PEG ratio of 11.13 and a beta of 3.40.

ARM (NASDAQ:ARMGet Free Report) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The business had revenue of $1.49 billion for the quarter. On average, equities analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. GKV Capital Management Co. Inc. bought a new stake in shares of ARM in the first quarter worth about $106,000. CTC Alternative Strategies Ltd. purchased a new position in ARM during the 1st quarter valued at about $2,322,000. BankChampaign National Association purchased a new position in ARM during the 1st quarter valued at about $510,000. Groupe la Francaise increased its holdings in ARM by 62.9% during the 1st quarter. Groupe la Francaise now owns 41,953 shares of the company’s stock valued at $6,309,000 after purchasing an additional 16,201 shares during the period. Finally, Liontrust Investment Partners LLP increased its holdings in ARM by 139.7% during the 1st quarter. Liontrust Investment Partners LLP now owns 347,339 shares of the company’s stock valued at $52,545,000 after purchasing an additional 202,410 shares during the period. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ARM. Sanford C. Bernstein began coverage on ARM in a research report on Monday, May 18th. They set an “outperform” rating and a $300.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 5th. Rosenblatt Securities raised their price objective on ARM from $175.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price objective (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada raised their price objective on ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.79.

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ARM Company Profile

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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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