ARM (NASDAQ:ARM) Insider Spencer Collins Sells 51,961 Shares

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) insider Spencer Collins sold 51,961 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the sale, the insider directly owned 51,125 shares of the company’s stock, valued at $10,824,696.25. The trade was a 50.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ARM Stock Up 6.4%

Shares of ARM stock opened at $221.29 on Thursday. The stock has a market capitalization of $233.80 billion, a P/E ratio of 263.44, a PEG ratio of 7.17 and a beta of 3.40. The stock has a 50 day moving average price of $161.08 and a two-hundred day moving average price of $139.70. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $239.50.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The firm had revenue of $1.49 billion during the quarter. Sell-side analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARM. Grey Fox Wealth Advisors LLC bought a new position in ARM in the third quarter worth $28,000. Syntax Research Inc. bought a new position in ARM in the first quarter worth $30,000. Mcguire Capital Advisors Inc. bought a new position in ARM in the fourth quarter worth $30,000. Navalign LLC bought a new position in ARM in the fourth quarter worth $33,000. Finally, FWL Investment Management LLC acquired a new position in ARM during the second quarter worth $34,000. 7.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARM. KeyCorp reiterated an “overweight” rating on shares of ARM in a report on Thursday, February 5th. Royal Bank Of Canada upped their price target on ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Mizuho upped their price target on ARM from $230.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. TD Cowen upped their price target on ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Benchmark reiterated a “hold” rating on shares of ARM in a report on Thursday, February 5th. Nineteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average price target of $199.61.

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.