ARM Holdings PLC Sponsored ADR $ARM Stake Boosted by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC increased its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,150 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in ARM were worth $671,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ARM. TFC Financial Management Inc. lifted its stake in ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 165 shares during the last quarter. Brooklyn Investment Group bought a new position in ARM during the first quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new stake in ARM in the first quarter worth $34,000. Oliver Lagore Vanvalin Investment Group bought a new stake in ARM in the second quarter valued at $39,000. Finally, ORG Partners LLC bought a new stake in ARM in the second quarter valued at $48,000. 7.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ARM. BNP Paribas upgraded ARM from a “neutral” rating to an “outperform” rating and raised their target price for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. BNP Paribas Exane upgraded ARM from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research note on Wednesday, July 16th. Evercore ISI raised their target price on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. UBS Group cut their target price on ARM from $185.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, Wells Fargo & Company raised their target price on ARM from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.43.

ARM Stock Down 9.2%

NASDAQ:ARM opened at $154.93 on Friday. The business’s 50-day moving average price is $143.78 and its 200 day moving average price is $135.18. The firm has a market cap of $163.68 billion, a P/E ratio of 234.74, a PEG ratio of 10.10 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm 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%.ARM’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. Sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current 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.