Insider Selling: ARM (NASDAQ:ARM) Insider Sells $1,303,645.42 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider William Abbey sold 5,069 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $257.18, for a total value of $1,303,645.42. Following the transaction, the insider directly owned 38,284 shares of the company’s stock, valued at approximately $9,845,879.12. This trade represents a 11.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value of $1,336,124.65.
  • On Tuesday, May 19th, William Abbey sold 10,887 shares of ARM stock. The stock was 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 stock was 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 stock was sold at an average price of $199.00, for a total value of $313,823.00.

ARM Stock Up 2.8%

NASDAQ:ARM opened at $306.51 on Friday. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $315.00. The business has a 50 day moving average price of $179.05 and a two-hundred day moving average price of $143.68. The company has a market cap of $323.83 billion, a P/E ratio of 364.89, a price-to-earnings-growth ratio of 11.13 and a beta of 3.40.

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

ARM News Summary

Here are the key news stories impacting ARM this week:

Institutional Investors Weigh In On ARM

A number of large investors have recently added to or reduced their stakes in ARM. GKV Capital Management Co. Inc. acquired a new position in ARM in the 1st quarter valued at $106,000. CTC Alternative Strategies Ltd. acquired a new position in ARM in the 1st quarter valued at $2,322,000. BankChampaign National Association acquired a new position in ARM in the 1st quarter valued at $510,000. Groupe la Francaise grew its holdings in ARM by 62.9% in the 1st quarter. Groupe la Francaise now owns 41,953 shares of the company’s stock valued at $6,309,000 after buying an additional 16,201 shares in the last quarter. Finally, Liontrust Investment Partners LLP grew its holdings in ARM by 139.7% in the 1st quarter. Liontrust Investment Partners LLP now owns 347,339 shares of the company’s stock valued at $52,545,000 after buying an additional 202,410 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

ARM has been the topic of a number of analyst reports. Benchmark reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 5th. Wells Fargo & Company upped their price objective on ARM from $220.00 to $255.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. dropped their price objective on ARM from $180.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Barclays upped their price objective on ARM from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Twenty 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, ARM has an average rating of “Moderate Buy” and a consensus target price of $208.79.

View Our Latest Analysis on ARM

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.

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

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