Insider Selling: ARM (NASDAQ:ARM) CFO Sells $3,157,313.60 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) CFO Jason Child sold 21,280 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $148.37, for a total value of $3,157,313.60. Following the completion of the transaction, the chief financial officer directly owned 174,706 shares of the company’s stock, valued at $25,921,129.22. This represents a 10.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ARM Price Performance

NASDAQ:ARM opened at $136.96 on Tuesday. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $183.16. The company has a market cap of $144.70 billion, a PE ratio of 182.61, a P/E/G ratio of 9.10 and a beta of 4.10. The firm’s 50 day simple moving average is $123.10 and its 200 day simple moving average is $134.04.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. ARM had a net margin of 17.15% and a return on equity of 14.01%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Institutional Trading of ARM

Large investors have recently modified their holdings of the stock. Capital Research Global Investors bought a new stake in shares of ARM in the 3rd quarter valued at $243,098,000. Northwestern Mutual Wealth Management Co. boosted its stake in ARM by 2,623.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock worth $182,743,000 after acquiring an additional 1,610,403 shares in the last quarter. Hyperion Asset Management Ltd acquired a new stake in ARM in the third quarter worth $202,980,000. Schroder Investment Management Group grew its holdings in ARM by 41.7% in the second quarter. Schroder Investment Management Group now owns 4,745,957 shares of the company’s stock worth $767,611,000 after purchasing an additional 1,396,684 shares during the period. Finally, Employees Provident Fund Board bought a new stake in ARM in the fourth quarter valued at $120,241,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Needham & Company LLC raised ARM from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Thursday, March 26th. Mizuho reduced their price target on ARM from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Guggenheim raised their price objective on ARM from $201.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group lowered ARM from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $160.00 to $120.00 in a research note on Monday, December 15th. Finally, Bank of America reiterated a “neutral” rating and issued a $120.00 target price on shares of ARM in a report on Tuesday, January 13th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.17.

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.