PFG Investments LLC Has $2.21 Million Stock Holdings in ARM Holdings PLC Sponsored ADR $ARM

PFG Investments LLC lessened its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 37.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,680 shares of the company’s stock after selling 8,273 shares during the period. PFG Investments LLC’s holdings in ARM were worth $2,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC boosted its position in ARM by 1,576.6% during the first quarter. GAMMA Investing LLC now owns 24,562 shares of the company’s stock valued at $26,230,000 after purchasing an additional 23,097 shares during the last quarter. RFG Advisory LLC acquired a new stake in ARM during the first quarter valued at $907,000. Lake Street Private Wealth LLC boosted its position in ARM by 21.2% during the first quarter. Lake Street Private Wealth LLC now owns 5,525 shares of the company’s stock valued at $590,000 after purchasing an additional 965 shares during the last quarter. Northwest Financial Advisors acquired a new stake in ARM during the first quarter valued at $258,000. Finally, StoneCrest Wealth Management Inc. boosted its position in ARM by 69.3% during the first quarter. StoneCrest Wealth Management Inc. now owns 5,230 shares of the company’s stock valued at $559,000 after purchasing an additional 2,140 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

NASDAQ ARM opened at $150.38 on Thursday. The stock’s 50-day moving average is $143.39 and its two-hundred day moving average is $133.20. The firm has a market cap of $158.88 billion, a P/E ratio of 227.85, a price-to-earnings-growth ratio of 9.46 and a beta of 4.11. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week 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, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. On average, equities analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ARM shares. Evercore ISI lifted their price objective on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. The Goldman Sachs Group started coverage on ARM in a research report on Thursday, July 10th. They set a “neutral” rating and a $160.00 price objective for the company. Benchmark reissued a “hold” rating on shares of ARM in a research report on Monday, June 9th. UBS Group cut their target price on ARM from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $180.00 target price on shares of ARM in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

About ARM

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.