Key Points
- ARM insider William Abbey sold 4,655 shares on May 21 at an average price of $287.03, generating about $1.34 million. After the sale, he still owned 33,629 shares, a 12.16% reduction in his position.
- Abbey has been actively selling ARM stock in recent sessions, including larger sales on May 20, May 19, May 15, and April 23. The recent activity has drawn attention amid concerns about the stock’s elevated valuation.
- ARM remains a highly valued, momentum-driven stock, trading near its 52-week high of $315. The company has strong analyst support and bullish AI-related commentary, with a consensus rating of Moderate Buy and an average price target of $208.79.
ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) insider William Abbey sold 4,655 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $287.03, for a total value of $1,336,124.65. Following the sale, the insider owned 33,629 shares in the company, valued at approximately $9,652,531.87. This represents a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
William Abbey also recently made the following trade(s):
- On Wednesday, May 20th, William Abbey sold 5,069 shares of ARM stock. The stock was sold at an average price of $257.18, for a total value of $1,303,645.42.
- 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 Trading Up 2.8%
ARM opened at $306.51 on Friday. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $315.00. The stock's fifty day simple moving average is $179.05 and its 200 day simple moving average is $143.68. The stock has a market cap of $323.83 billion, a PE ratio of 364.89, a price-to-earnings-growth ratio of 10.83 and a beta of 3.40.
ARM (NASDAQ:ARM - Get Free Report) last posted 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. Equities analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.
ARM News Roundup
Here are the key news stories impacting ARM this week:
Institutional Trading of ARM
A number of hedge funds have recently made changes to their positions in ARM. Rathbones Group PLC grew its stake in ARM by 4,638.8% in the fourth quarter. Rathbones Group PLC now owns 500,043 shares of the company's stock valued at $54,660,000 after acquiring an additional 489,491 shares during the period. Paragon Capital Management Inc. acquired a new stake in ARM in the fourth quarter valued at approximately $826,000. Lansdowne Partners UK LLP acquired a new stake in ARM in the third quarter valued at approximately $8,486,000. Hyperion Asset Management Ltd acquired a new stake in ARM in the third quarter valued at approximately $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ARM by 34.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company's stock valued at $2,644,000 after acquiring an additional 6,232 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ARM. Sanford C. Bernstein assumed coverage on ARM in a research note on Monday. They issued an "outperform" rating and a $300.00 price target on the stock. Raymond James Financial reiterated an "outperform" rating on shares of ARM in a research report on Thursday, May 7th. Barclays increased their price objective on ARM from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Mizuho increased 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. Finally, Evercore lowered their price objective on ARM from $215.00 to $170.00 and set an "outperform" rating on the stock in a research report on Thursday, February 5th. Twenty 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $208.79.
Read Our Latest Stock Analysis on ARM
ARM Company Profile
(
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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