Key Points
- ARM insider Spencer Collins sold 51,961 shares on May 11 at an average price of $211.73, totaling about $11.0 million. After the sale, Collins still held 51,125 shares, cutting his ownership by 50.41%.
- ARM shares were trading near recent highs, opening at $221.29 with a 52-week range of $100.02 to $239.50. The company’s market cap stood at $233.8 billion, with a high valuation of 263.44 times earnings.
- Analysts remain broadly positive on ARM, with 19 Buy ratings, 6 Hold ratings, and 1 Sell rating. The stock carries a consensus rating of “Moderate Buy” and an average target price of $199.61.
ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) insider Spencer Collins sold 51,961 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the transaction, the insider owned 51,125 shares of the company's stock, valued at $10,824,696.25. This represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
ARM Price Performance
ARM stock opened at $221.29 on Thursday. The stock has a fifty day moving average price of $161.08 and a two-hundred day moving average price of $139.70. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $239.50. The firm has a market capitalization of $233.80 billion, a P/E ratio of 263.44, a P/E/G ratio of 7.17 and a beta of 3.40.
ARM (NASDAQ:ARM - Get Free Report) last released 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 firm had revenue of $1.49 billion during the quarter. On average, equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 1.18 EPS for the current fiscal year.
Hedge Funds Weigh In On ARM
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARM. Grey Fox Wealth Advisors LLC bought a new position in ARM during the third quarter worth about $28,000. Syntax Research Inc. bought a new position in ARM during the first quarter worth about $30,000. Mcguire Capital Advisors Inc. bought a new position in ARM during the fourth quarter worth about $30,000. Navalign LLC bought a new position in ARM during the fourth quarter worth about $33,000. Finally, FWL Investment Management LLC bought a new position in ARM during the second quarter worth about $34,000. Institutional investors own 7.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on ARM shares. KeyCorp restated an "overweight" rating on shares of ARM in a research note on Thursday, February 5th. Susquehanna raised their target price on ARM from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Thursday, April 16th. Raymond James Financial reiterated an "outperform" rating on shares of ARM in a research report on Thursday, May 7th. HSBC upgraded ARM from a "reduce" rating to a "buy" rating and lifted their price objective for the stock from $90.00 to $205.00 in a research report on Friday, March 20th. Finally, Mizuho lifted their price objective on ARM from $230.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 6th. Nineteen equities 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.com, ARM currently has a consensus rating of "Moderate Buy" and an average target price of $199.61.
Check Out Our Latest Research Report 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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