Bank of America Corp DE Sells 1,639,301 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Bank of America reduced its ARM stake by 69.9%, selling 1.64 million shares and retaining 706,252 shares worth approximately $106.8 million. Institutional investors owned 7.53% of ARM.
• ARM insiders sold 216,049 shares worth $52.1 million over the past 90 days, including significant sales by CFO Jason Child and insider William Abbey.
• ARM reported quarterly EPS of $0.45 and revenue of $1.29 billion, beating estimates and marking 22.4% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus, with an average price target of $285.33.

Bank of America Corp DE lessened its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 69.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 706,252 shares of the company's stock after selling 1,639,301 shares during the period. Bank of America Corp DE owned approximately 0.07% of ARM worth $106,842,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ARM. Syntax Research Inc. bought a new stake in ARM during the first quarter worth $30,000. Evelyn Partners Investment Management Services Ltd bought a new position in ARM in the 1st quarter valued at $30,000. Mcguire Capital Advisors Inc. bought a new position in ARM in the 4th quarter valued at $30,000. Navalign LLC purchased a new stake in shares of ARM during the 4th quarter valued at $33,000. Finally, FWL Investment Management LLC purchased a new stake in shares of ARM during the 2nd quarter valued at $34,000. 7.53% of the stock is owned by institutional investors.

Insider Buying and Selling at ARM

In related news, CFO Jason Child sold 31,920 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the sale, the chief financial officer directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. This represents a 15.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Abbey sold 6,566 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $402.72, for a total transaction of $2,644,259.52. Following the completion of the transaction, the insider directly owned 20,563 shares of the company's stock, valued at approximately $8,281,131.36. This trade represents a 24.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 216,049 shares of company stock valued at $52,101,605.

ARM Stock Performance

Shares of ARM opened at $282.57 on Friday. The business has a 50-day moving average of $323.52 and a 200 day moving average of $218.70. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70. The firm has a market cap of $301.81 billion, a P/E ratio of 291.31, a price-to-earnings-growth ratio of 8.50 and a beta of 3.90.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.24% and a net margin of 20.25%.The firm's quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. ARM has set its Q2 2027 guidance at 0.430-0.510 EPS. As a group, research analysts predict that ARM Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ARM shares. Rosenblatt Securities cut their price target on shares of ARM from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Bank of America restated a "neutral" rating on shares of ARM in a report on Thursday, July 30th. Benchmark started coverage on shares of ARM in a research report on Thursday, July 16th. They issued a "hold" rating on the stock. Royal Bank Of Canada dropped their target price on shares of ARM from $475.00 to $340.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Finally, KeyCorp increased their target price on shares of ARM from $300.00 to $430.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $285.33.

ARM Company Profile

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.

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