ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Given Consensus Rating of “Moderate Buy” by Brokerages

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) has received a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twenty have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $230.0417.

ARM has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Sanford C. Bernstein assumed coverage on shares of ARM in a research note on Monday, May 18th. They issued an “outperform” rating and a $300.00 target price on the stock. Susquehanna lifted their target price on shares of ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a report on Thursday, April 16th. Rosenblatt Securities boosted their target price on shares of ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Needham & Company LLC upped their price target on shares of ARM from $200.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, May 7th.

Insiders Place Their Bets

In other ARM news, CFO Jason Child sold 31,920 shares of ARM stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total value of $7,231,156.80. Following the transaction, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at $39,470,517.28. The trade was a 15.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charlotte Claire Eaton sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $282.77, for a total value of $1,131,080.00. Following the transaction, the insider owned 7,805 shares of the company’s stock, valued at approximately $2,207,019.85. This trade represents a 33.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 301,338 shares of company stock worth $66,030,158.

Institutional Trading of ARM

Institutional investors have recently modified their holdings of the company. Syntax Research Inc. bought a new position in ARM in the first quarter worth $30,000. Evelyn Partners Investment Management Services Ltd bought a new stake in ARM in the 1st quarter valued at $30,000. Mcguire Capital Advisors Inc. bought a new stake in ARM in the 4th quarter valued at $30,000. Navalign LLC acquired a new position in shares of ARM in the 4th quarter valued at $33,000. Finally, FWL Investment Management LLC bought a new position in shares of ARM during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Down 6.2%

ARM stock opened at $324.86 on Wednesday. The company has a 50 day moving average of $232.08 and a two-hundred day moving average of $160.91. The company has a market cap of $346.98 billion, a price-to-earnings ratio of 386.74, a PEG ratio of 12.58 and a beta of 3.78. ARM has a 12-month low of $100.02 and a 12-month high of $427.99.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. The firm had revenue of $1.49 billion during the quarter. On average, research analysts anticipate that ARM will post 1.12 EPS for the current year.

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.