Key Points
- ARM insider Charlotte Claire Eaton sold 4,000 shares on May 21 at an average price of $282.77, totaling about $1.13 million. After the sale, she still held 7,805 shares, a 33.88% reduction in her position.
- ARM has been trading near record highs, opening at $298.23 with a 52-week range of $100.02 to $298.70. The company’s market cap is about $315.08 billion, reflecting a sharp run-up in the stock.
- Analyst sentiment remains constructive, with 20 Buy ratings, six Hold ratings and one Sell rating, and an average price target of $208.79. Recent firms including TD Cowen and Barclays raised their targets, while news flow continues to highlight ARM’s AI-related growth story.
ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) insider Charlotte Claire Eaton sold 3,100 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $252.25, for a total value of $781,975.00. Following the completion of the transaction, the insider owned 11,805 shares in the company, valued at $2,977,811.25. This represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 value of $1,131,080.00.
ARM Stock Up 16.2%
NASDAQ:ARM opened at $298.23 on Friday. The stock's fifty day simple moving average is $175.32 and its 200-day simple moving average is $142.53. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $298.70. The firm has a market capitalization of $315.08 billion, a P/E ratio of 355.04, a P/E/G ratio of 9.32 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 for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. The business had revenue of $1.49 billion for the quarter. As a group, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ARM has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Sanford C. Bernstein started coverage on ARM in a report on Monday. They set an "outperform" rating and a $300.00 target price on the stock. New Street Research upgraded ARM from a "neutral" rating to a "buy" rating in a report on Thursday, February 5th. Susquehanna lifted their target price on ARM from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company lifted their target price on ARM from $220.00 to $255.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ARM has a consensus rating of "Moderate Buy" and an average price target of $208.79.
Get Our Latest Research Report on ARM
Hedge Funds Weigh In On ARM
Hedge funds and other institutional investors have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC acquired a new stake in ARM during the 3rd quarter valued at $28,000. Syntax Research Inc. acquired a new position in shares of ARM in the first quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd acquired a new position in ARM in the 1st quarter valued at $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of ARM during the 4th quarter valued at $30,000. Finally, Navalign LLC acquired a new position in shares of ARM in the 4th quarter valued at approximately $33,000. Institutional investors own 7.53% of the company's stock.
More ARM News
Here are the key news stories impacting ARM this week:
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.
Further Reading
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