Vontobel Holding Ltd. Decreases Stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Vontobel Holding Ltd. lowered its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 40.1% in the 1st quarter, HoldingsChannel reports. The fund owned 24,630 shares of the company’s stock after selling 16,518 shares during the period. Vontobel Holding Ltd.’s holdings in ARM were worth $2,630,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC boosted its stake in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the period. TFC Financial Management Inc. boosted its stake in ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after buying an additional 165 shares in the last quarter. Colonial Trust Co SC purchased a new stake in ARM in the fourth quarter worth approximately $40,000. MorganRosel Wealth Management LLC purchased a new stake in ARM in the first quarter worth approximately $53,000. Finally, Valley National Advisers Inc. increased its stake in ARM by 24.5% in the 1st quarter. Valley National Advisers Inc. now owns 763 shares of the company’s stock worth $81,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARM. Cfra Research raised ARM to a “hold” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. decreased their price objective on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. UBS Group decreased their price objective on ARM from $215.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Benchmark restated a “hold” rating on shares of ARM in a report on Monday, June 9th. Finally, KGI Securities assumed coverage on ARM in a report on Tuesday, April 15th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.67.

ARM Stock Up 0.1%

ARM stock opened at $154.79 on Friday. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $188.75. The stock has a market cap of $163.96 billion, a P/E ratio of 206.38, a PEG ratio of 7.10 and a beta of 4.19. The business’s 50-day moving average price is $134.46 and its 200-day moving average price is $131.82.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 17.97% and a net margin of 19.76%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. On average, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.