Insider Selling: ARM (NASDAQ:ARM) Insider Sells $2,644,259.52 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) insider William Abbey sold 6,566 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $402.72, for a total transaction of $2,644,259.52. Following the completion of the transaction, the insider directly owned 20,563 shares in the company, valued at $8,281,131.36. This trade represents a 24.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

William Abbey also recently made the following trade(s):

• On Thursday, May 28th, William Abbey sold 4,200 shares of ARM stock. The shares were sold at an average price of $343.81, for a total transaction of $1,444,002.00.
• On Friday, May 22nd, William Abbey sold 2,300 shares of ARM stock. The shares were sold at an average price of $305.82, for a total transaction of $703,386.00.
• On Thursday, May 21st, William Abbey sold 4,655 shares of ARM stock. The shares were sold at an average price of $287.03, for a total transaction of $1,336,124.65.
• 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 transaction 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 transaction 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 transaction 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 transaction of $313,823.00.

ARM Price Performance

ARM stock opened at $342.93 on Friday. The company’s 50 day simple moving average is $224.64 and its 200 day simple moving average is $157.98. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $427.99. The firm has a market capitalization of $362.31 billion, a price-to-earnings ratio of 408.25, a PEG ratio of 14.29 and a beta of 3.78.

ARM (NASDAQ:ARM) 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, analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

More ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm is gaining credibility as a key AI infrastructure player after management said customers including ByteDance and Oracle are using Arm-based CPUs in data centers, supporting the case for stronger licensing and royalty growth. Arm names ByteDance and Oracle as users of its AI data centre CPUs
• Positive Sentiment: Arm is also benefiting from NVIDIA’s latest AI PC and data-center push, which reinforces demand for Arm’s architecture and could boost future adoption across the semiconductor ecosystem. Arm Stock Jumps As Chip Designer Joins Nvidia PC Effort
• Neutral Sentiment: Recent insider sales by executives, including William Abbey and CAO Laura Kathleen Bartels, may attract attention, but they do not appear large enough on their own to change the company’s fundamentals. SEC insider filing SEC insider filing
• Neutral Sentiment: Broader market commentary notes that the AI trade may be cooling after a strong run, which could keep pressure on high-valuation chip names like Arm even if the growth story remains strong. Markets Rally, But Tech Stocks Get Left Behind as the AI Trade Falters
• Negative Sentiment: Arm’s valuation is being called stretched after a massive rally, and chip-sector weakness following Broadcom’s disappointing results is adding to the risk of a pullback. 2 Chip Stocks Extending Slide After Broadcom Earnings Bust

Institutional Trading of ARM

A number of hedge funds and other institutional investors have recently made changes to their positions in ARM. Capital Research Global Investors acquired a new stake in shares of ARM in the third quarter valued at approximately $243,098,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ARM by 2,623.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock valued at $182,743,000 after purchasing an additional 1,610,403 shares during the last quarter. Hyperion Asset Management Ltd acquired a new stake in shares of ARM in the third quarter valued at approximately $202,980,000. Employees Provident Fund Board acquired a new stake in shares of ARM in the fourth quarter valued at approximately $120,241,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of ARM by 1,203.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,152 shares of the company’s stock valued at $142,983,000 after purchasing an additional 872,644 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on ARM shares. Wells Fargo & Company raised their target price on shares of ARM from $255.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday. HSBC upgraded shares of ARM from a “reduce” rating to a “buy” rating and raised their target price for the stock from $90.00 to $205.00 in a report on Friday, March 20th. Needham & Company LLC raised their target price on shares of ARM from $200.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Mizuho raised their target price on shares of ARM from $360.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Barclays raised their target price on shares of ARM from $250.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average price target of $226.92.

ARM Company Profile

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.