Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) CFO Jason Child sold 10,400 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $255.33, for a total value of $2,655,432.00. Following the completion of the sale, the chief financial officer owned 163,832 shares of the company's stock, valued at approximately $41,831,224.56. This trade represents a 5.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ARM Stock Performance
Shares of NASDAQ ARM opened at $241.91 on Tuesday. The company has a market cap of $258.38 billion, a PE ratio of 249.39, a P/E/G ratio of 7.09 and a beta of 3.91. The business has a 50-day simple moving average of $282.06 and a two-hundred day simple moving average of $235.63. Arm Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70.
ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. The company's revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, sell-side analysts predict that Arm Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Benchmark started coverage on shares of ARM in a research note on Thursday, July 16th. They set a "hold" rating on the stock. KeyCorp lifted their price objective on shares of ARM from $300.00 to $430.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Mizuho boosted their price objective on shares of ARM from $425.00 to $500.00 and gave the company an "outperform" rating in a report on Monday, June 8th. Guggenheim reissued a "buy" rating and set a $255.00 price objective on shares of ARM in a report on Thursday, July 30th. Finally, Susquehanna upped their target price on ARM from $300.00 to $320.00 and gave the company a "positive" rating in a research report on Tuesday, July 21st. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $305.12.
View Our Latest Analysis on ARM
Institutional Investors Weigh In On ARM
A number of large investors have recently bought and sold shares of ARM. Syntax Research Inc. acquired a new position in ARM in the 1st quarter worth approximately $30,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in ARM during the 1st quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. acquired a new stake in ARM during the 4th quarter valued at approximately $30,000. Navalign LLC purchased a new stake in shares of ARM in the 4th quarter valued at $33,000. Finally, FWL Investment Management LLC purchased a new stake in shares of ARM in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 7.53% of the company's stock.
ARM Company Profile
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Get Free Report)
Arm Holdings (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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