ARM (NASDAQ:ARM) Insider Charlotte Claire Eaton Sells 7,805 Shares

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider Charlotte Claire Eaton sold 7,805 shares of ARM stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $290.01, for a total transaction of $2,263,528.05. Following the completion of the sale, the insider owned 5,000 shares in the company, valued at approximately $1,450,050. This represents a 60.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Charlotte Claire Eaton also recently made the following trade(s):

  • On Thursday, May 21st, Charlotte Claire Eaton sold 4,000 shares of ARM stock. The stock was sold at an average price of $282.77, for a total transaction of $1,131,080.00.
  • On Wednesday, May 20th, Charlotte Claire Eaton sold 3,100 shares of ARM stock. The stock was sold at an average price of $252.25, for a total transaction of $781,975.00.

ARM Trading Up 2.8%

ARM stock opened at $306.51 on Friday. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $315.00. The company has a market capitalization of $323.83 billion, a price-to-earnings ratio of 364.89, a price-to-earnings-growth ratio of 10.83 and a beta of 3.40. The firm’s 50-day moving average is $179.05 and its two-hundred day moving average is $143.68.

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

ARM News Summary

Here are the key news stories impacting ARM this week:

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of ARM from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Sanford C. Bernstein assumed coverage on shares of ARM in a research report on Monday. They issued an “outperform” rating and a $300.00 target price on the stock. TD Cowen lifted their target price on shares of ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Needham & Company LLC lifted their target price on shares of ARM from $200.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their target price on shares of ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and an average target price of $208.79.

Get Our Latest Report on ARM

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi lifted its stake in ARM by 24.8% in the first quarter. Amundi now owns 11,804 shares of the company’s stock valued at $1,153,000 after acquiring an additional 2,345 shares during the last quarter. Empowered Funds LLC lifted its stake in ARM by 28.8% in the first quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock valued at $522,000 after acquiring an additional 1,094 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in ARM by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock valued at $393,000 after acquiring an additional 200 shares during the last quarter. Bank of Nova Scotia acquired a new stake in ARM in the second quarter valued at approximately $556,000. Finally, State Street Corp lifted its stake in ARM by 14.7% in the second quarter. State Street Corp now owns 441,445 shares of the company’s stock valued at $71,399,000 after acquiring an additional 56,656 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for ARM (NASDAQ:ARM)

Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.