ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,057 shares of the company’s stock after buying an additional 501 shares during the period. TD Asset Management Inc’s holdings in ARM were worth $3,530,000 at the end of the most recent quarter.

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

ARM Trading Down 2.7%

Shares of ARM stock opened at $137.58 on Friday. The company has a market capitalization of $145.35 billion, a PE ratio of 208.45, a price-to-earnings-growth ratio of 8.09 and a beta of 4.17. The firm has a fifty day simple moving average of $147.01 and a 200-day simple moving average of $134.49. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of ARM from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Bank of America decreased their price target on shares of ARM from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Guggenheim raised their target price on shares of ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Finally, UBS Group reduced their target price on shares of ARM from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $167.86.

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.