ARM (NASDAQ:ARM) Stock Price Down 2.2% – What’s Next?

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)’s stock price traded down 2.2% during trading on Tuesday . The stock traded as low as $200.89 and last traded at $207.92. 7,786,623 shares were traded during mid-day trading, an increase of 0% from the average session volume of 7,772,085 shares. The stock had previously closed at $212.65.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup downgraded shares of ARM from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group boosted their target price on shares of ARM from $125.00 to $150.00 and gave the company a “sell” rating in a research note on Thursday, May 7th. Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 5th. HSBC upgraded shares of ARM from a “reduce” rating to a “buy” rating and boosted their target price for the company from $90.00 to $205.00 in a research note on Friday, March 20th. Finally, Raymond James Financial restated an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Nineteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $199.61.

ARM Stock Down 2.2%

The stock has a fifty day moving average of $157.53 and a 200-day moving average of $139.01. The firm has a market capitalization of $219.67 billion, a P/E ratio of 247.52, a PEG ratio of 7.35 and a beta of 3.40.

ARM (NASDAQ:ARM) last released its quarterly 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 business had revenue of $1.49 billion during the quarter. As a group, analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.18 EPS for the current fiscal year.

Insider Transactions at ARM

In related news, CFO Jason Child sold 21,280 shares of ARM stock in a transaction dated Wednesday, March 25th. The stock was 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. The trade was a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rene A. Haas sold 23,867 shares of ARM stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $161.17, for a total value of $3,846,644.39. Following the completion of the transaction, the chief executive officer directly owned 290,965 shares of the company’s stock, valued at $46,894,829.05. This represents a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 83,712 shares of company stock valued at $13,614,730 over the last ninety days.

Institutional Trading of ARM

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARM. Grey Fox Wealth Advisors LLC bought a new stake in ARM during the 3rd quarter worth about $28,000. Syntax Research Inc. bought a new stake in ARM during the 1st quarter worth about $30,000. Mcguire Capital Advisors Inc. bought a new stake in ARM during the 4th quarter worth about $30,000. Navalign LLC bought a new stake in ARM during the 4th quarter worth about $33,000. Finally, FWL Investment Management LLC bought a new stake in ARM during the 2nd quarter worth about $34,000. 7.53% of the stock is owned by institutional investors.

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.