Jason Child Sells 10,400 Shares of ARM (NASDAQ:ARM) Stock

Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) CFO Jason Child sold 10,400 shares of ARM stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $255.33, for a total value of $2,655,432.00. Following the completion of the sale, the chief financial officer directly owned 163,832 shares of the company’s stock, valued at approximately $41,831,224.56. This represents a 5.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Stock Performance

Shares of NASDAQ:ARM traded up $2.86 during trading on Monday, reaching $241.91. 2,149,043 shares of the stock were exchanged, compared to its average volume of 8,039,666. The firm has a market cap of $258.38 billion, a price-to-earnings ratio of 249.39, a price-to-earnings-growth ratio of 7.09 and a beta of 3.91. Arm Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $452.70. The firm’s 50-day moving average price is $282.06 and its 200 day moving average price is $235.63.

ARM (NASDAQ:ARM) last posted its earnings results on Thursday, July 30th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, equities research analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ARM shares. Bank of America reissued a “neutral” rating on shares of ARM in a report on Thursday, July 30th. Wells Fargo & Company decreased their target price on ARM from $350.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Rosenblatt Securities decreased their price objective on shares of ARM from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Benchmark initiated coverage on shares of ARM in a research note on Thursday, July 16th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $305.12.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Syntax Research Inc. bought a new stake in ARM during the first quarter worth about $30,000. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of ARM in the first quarter valued at about $30,000. Mcguire Capital Advisors Inc. acquired a new position in shares of ARM during the 4th quarter worth approximately $30,000. Navalign LLC acquired a new position in ARM in the 4th quarter valued at $33,000. Finally, FWL Investment Management LLC bought a new stake in ARM during the second quarter worth about $34,000. Institutional investors own 7.53% of the company’s stock.

ARM Company Profile

Arm Holdings (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.