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 business’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 transaction of $11,001,702.53. Following the completion of the transaction, the insider directly owned 51,125 shares of the company’s stock, valued at approximately $10,824,696.25. This represents a 50.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ARM Trading Up 6.4%

Shares of NASDAQ:ARM traded up $13.37 during trading on Wednesday, reaching $221.29. The company had a trading volume of 8,623,328 shares, compared to its average volume of 7,779,798. The company has a fifty day moving average of $159.14 and a two-hundred day moving average of $139.31. The stock has a market capitalization of $233.80 billion, a P/E ratio of 263.44, a price-to-earnings-growth ratio of 7.33 and a beta of 3.40. 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 posted its quarterly earnings data 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 1.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Cowen increased their price objective on ARM from $165.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company upped their target price on ARM from $220.00 to $255.00 and gave the stock an “overweight” rating in a research note 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. Mizuho lifted their price target on shares of ARM from $230.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. 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. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.61.

Hedge Funds Weigh In On ARM

Several institutional investors and hedge funds have recently bought and sold shares of ARM. Pacific Heights Asset Management LLC boosted its position in ARM by 32.1% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 185,000 shares of the company’s stock valued at $26,176,000 after buying an additional 45,000 shares during the period. Paragon Capital Management Inc. purchased a new position in shares of ARM in the fourth quarter valued at about $826,000. Lansdowne Partners UK LLP purchased a new position in shares of ARM in the third quarter valued at about $8,486,000. Hyperion Asset Management Ltd bought a new position in shares of ARM during the third quarter valued at about $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of ARM by 34.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock worth $2,644,000 after purchasing an additional 6,232 shares during the period. 7.53% of the stock is currently 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.