Key Points
- ARM CAO Laura Kathleen Bartels sold 11,306 shares on June 2 for about $4.44 million at an average price of $392.70. After the sale, she still held 12,135 shares, marking a 48.23% reduction in her position.
- ARM stock was down 4.5% in the trading session referenced, opening at $393.12. The company still carries a very high valuation, with a market cap of $415.34 billion and a P/E ratio of 468.00.
- Wall Street remains generally constructive on ARM, with 20 Buy ratings, six Hold ratings, and one Sell rating. Analysts’ average target price stands at $226.92, while recent commentary highlights ARM’s growing role in AI data-center and PC efforts.
ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) CAO Laura Kathleen Bartels sold 11,306 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the sale, the chief accounting officer directly owned 12,135 shares of the company's stock, valued at approximately $4,765,414.50. This represents a 48.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
ARM Trading Down 4.5%
Shares of NASDAQ ARM opened at $393.12 on Friday. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $427.99. The stock has a market cap of $415.34 billion, a PE ratio of 468.00, a P/E/G ratio of 14.96 and a beta of 3.78. The company has a 50-day moving average of $220.92 and a 200 day moving average of $156.68.
ARM (NASDAQ:ARM - Get 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 net margin of 18.37% and a return on equity of 12.43%. The company had revenue of $1.49 billion during the quarter. On average, sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.
Trending Headlines about ARM
Here are the key news stories impacting ARM this week:
Hedge Funds Weigh In On ARM
Institutional investors and hedge funds have recently bought and sold shares of the company. Syntax Research Inc. acquired a new position in ARM in the 1st quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of ARM in the 1st quarter worth approximately $30,000. Mcguire Capital Advisors Inc. acquired a new position in shares of ARM in the 4th quarter worth approximately $30,000. Navalign LLC acquired a new position in shares of ARM in the 4th quarter worth approximately $33,000. Finally, FWL Investment Management LLC acquired a new position in shares of ARM in the 2nd quarter worth approximately $34,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently issued reports on ARM. HSBC raised shares of ARM from a "reduce" rating to a "buy" rating and upped their price objective for the company from $90.00 to $205.00 in a research note on Friday, March 20th. Morgan Stanley reiterated an "equal weight" rating and issued a $150.00 target price (up from $135.00) on shares of ARM in a report on Tuesday, April 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of ARM in a report on Monday, April 20th. TD Cowen boosted their target price on shares of ARM from $165.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their target price on shares of ARM from $125.00 to $150.00 and gave the company a "sell" rating in a report on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $226.92.
Check Out Our Latest Report on ARM
About ARM
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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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