ARM Holdings PLC Sponsored ADR $ARM Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 15.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 173,515 shares of the company’s stock after selling 31,475 shares during the quarter. Legal & General Group Plc’s holdings in ARM were worth $18,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Navalign LLC purchased a new position in shares of ARM in the fourth quarter valued at approximately $33,000. FWL Investment Management LLC purchased a new stake in ARM during the 2nd quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL increased its stake in ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock worth $40,000 after buying an additional 200 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in ARM during the 4th quarter worth approximately $43,000. Finally, WFA of San Diego LLC purchased a new stake in ARM during the 2nd quarter worth approximately $49,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Up 15.7%

Shares of NASDAQ:ARM opened at $408.85 on Tuesday. The firm’s 50 day moving average price is $204.85 and its 200 day moving average price is $151.19. The stock has a market cap of $431.95 billion, a price-to-earnings ratio of 486.73, a price-to-earnings-growth ratio of 12.83 and a beta of 3.77. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $421.69.

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

Insider Activity at ARM

In other ARM news, insider Charlotte Claire Eaton sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 7,805 shares of the company’s stock, valued at approximately $2,207,019.85. This trade represents a 33.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Abbey sold 4,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $343.81, for a total transaction of $1,444,002.00. Following the sale, the insider directly owned 27,129 shares in the company, valued at approximately $9,327,221.49. The trade was a 13.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 283,466 shares of company stock worth $58,946,033 in the last ninety days.

Trending Headlines about ARM

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Nvidia’s RTX Spark launch reportedly uses an Arm design for the central processing unit, giving Arm a high-profile win and boosting confidence that its architecture could gain share in AI PCs. Arm Stock Jumps As Chip Designer Joins Nvidia PC Effort
• Positive Sentiment: Multiple reports said Arm hit a record high as investors viewed Nvidia’s chip announcement as validation of Arm’s technology and a potential catalyst for future licensing and royalty growth. Why Arm Stock Hit a Record High on Nvidia’s Chip Announcement
• Positive Sentiment: Coverage around Nvidia’s new PC push highlighted that the chip will appear in devices from major OEMs, reinforcing the commercial relevance of Arm’s ecosystem and lifting sentiment across the sector. Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
• Neutral Sentiment: An insider sale by William Abbey of 4,200 shares was disclosed, but it appears smaller than the AI-PC-driven optimism and was likely not the main stock driver. Insider trade disclosure

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of ARM from $180.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Wells Fargo & Company upped their target price on shares of ARM from $255.00 to $410.00 and gave the stock an “overweight” rating in a research note on Monday. Susquehanna upped their target price on shares of ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Thursday, April 16th. Raymond James Financial reaffirmed an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Finally, UBS Group cut their target price on shares of ARM from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.92.

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.