Charlotte Claire Eaton Sells 3,100 Shares of ARM (NASDAQ:ARM) Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider Charlotte Claire Eaton sold 3,100 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $252.25, for a total transaction of $781,975.00. Following the sale, the insider directly owned 11,805 shares in the company, valued at approximately $2,977,811.25. This trade represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Charlotte Claire Eaton also recently made the following trade(s):

  • On Thursday, May 21st, Charlotte Claire Eaton sold 7,805 shares of ARM stock. The shares were sold at an average price of $290.01, for a total transaction of $2,263,528.05.
  • On Thursday, May 21st, Charlotte Claire Eaton sold 4,000 shares of ARM stock. The shares were sold at an average price of $282.77, for a total transaction of $1,131,080.00.

ARM Stock Up 2.8%

NASDAQ ARM opened at $306.51 on Friday. The company 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 Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $315.00. The firm’s 50-day simple moving average is $179.05 and its two-hundred day simple moving average is $143.68.

ARM (NASDAQ:ARMGet Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.49 billion for the quarter. As a group, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Compound Planning Inc. grew its position in ARM by 4.6% during the third quarter. Compound Planning Inc. now owns 1,569 shares of the company’s stock valued at $222,000 after acquiring an additional 69 shares during the last quarter. Ritholtz Wealth Management grew its position in ARM by 3.0% during the third quarter. Ritholtz Wealth Management now owns 2,439 shares of the company’s stock valued at $345,000 after acquiring an additional 70 shares during the last quarter. Rathbones Group PLC grew its position in ARM by 0.7% during the third quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock valued at $1,493,000 after acquiring an additional 70 shares during the last quarter. Kovack Advisors Inc. grew its position in ARM by 2.0% during the third quarter. Kovack Advisors Inc. now owns 3,602 shares of the company’s stock valued at $510,000 after acquiring an additional 72 shares during the last quarter. Finally, Americana Partners LLC grew its position in ARM by 1.0% during the third quarter. Americana Partners LLC now owns 7,352 shares of the company’s stock valued at $1,040,000 after acquiring an additional 75 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Trending Headlines about ARM

Here are the key news stories impacting ARM this week:

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARM. Barclays increased their price target on shares of ARM from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. TD Cowen increased their price target on shares of ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wells Fargo & Company increased their price target on shares of ARM from $220.00 to $255.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Finally, KeyCorp reissued an “overweight” rating on shares of ARM in a report on Thursday, February 5th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average target price of $208.79.

Get Our Latest Stock Report 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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Insider Buying and Selling by Quarter for ARM (NASDAQ:ARM)

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