William Abbey Sells 4,200 Shares of ARM (NASDAQ:ARM) Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) insider William Abbey sold 4,200 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $343.81, for a total value of $1,444,002.00. Following the transaction, the insider owned 27,129 shares of the company’s stock, valued at approximately $9,327,221.49. The trade was a 13.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $703,386.00.
• On Thursday, May 21st, William Abbey sold 4,655 shares of ARM stock. The stock was sold at an average price of $287.03, for a total value 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 shares were 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 shares were 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 Trading Up 15.7%

Shares of NASDAQ:ARM traded up $55.56 during trading on Monday, reaching $408.85. The company had a trading volume of 20,443,159 shares, compared to its average volume of 8,410,521. The company has a fifty day moving average of $199.27 and a two-hundred day moving average of $149.37. The stock has a market capitalization of $431.95 billion, a P/E ratio of 486.73, a price-to-earnings-growth ratio of 12.83 and a beta of 3.77. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $421.69.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $1.49 billion during the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. As a group, equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On ARM

Several hedge funds and other institutional investors have recently modified their holdings of ARM. Rathbones Group PLC increased its holdings in ARM by 4,638.8% in the 4th quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock worth $54,660,000 after buying an additional 489,491 shares in the last quarter. Paragon Capital Management Inc. bought a new position in ARM during the 4th quarter valued at about $826,000. Lansdowne Partners UK LLP bought a new position in ARM during the 3rd quarter valued at about $8,486,000. Hyperion Asset Management Ltd purchased a new stake in shares of ARM during the 3rd quarter valued at about $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ARM by 34.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock worth $2,644,000 after acquiring an additional 6,232 shares during the period. 7.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ARM shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price target on shares of ARM from $180.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. The Goldman Sachs Group lifted their price target on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Jefferies Financial Group set a $290.00 price objective on shares of ARM in a report on Thursday, May 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price objective (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $226.92.

Key ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Nvidia’s new AI PC chip uses Arm-based technology, reinforcing Arm’s role in next-generation computing and boosting investor enthusiasm for future licensing demand. Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
• Positive Sentiment: Analysts and market coverage highlighted Arm as a key winner from Nvidia’s announcement, with the stock hitting a record high on expectations that Arm could gain share in the AI PC market. Arm Stock Jumps As Chip Designer Joins Nvidia PC Effort
• Positive Sentiment: Multiple reports noted that Arm shares surged in premarket and midday trading after Nvidia’s chip launch was seen as a major validation of Arm’s architecture in AI PCs. ARM Holdings Rockets 18%, Microsoft, Dell Rise on RTX Spark AI PC Launch
• Positive Sentiment: A separate report noted that investor excitement around Arm’s role in Nvidia’s PC effort was amplified by commentary calling the development “amazing” for Arm shareholders. ARM rises on Nvidia’s PC chip launch; Cramer says ‘amazing’ for Arm shareholders
• Neutral Sentiment: An Arm insider sold 4,200 shares in a transaction disclosed on May 28, but the sale was relatively small compared with the executive’s remaining holdings and appears less important than the Nvidia-related growth story. SEC Form 4 filing

About ARM

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.