ARM Holdings PLC Sponsored ADR $ARM Stock Holdings Increased by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. boosted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,539 shares of the company’s stock after buying an additional 2,105 shares during the quarter. Financial Gravity Asset Management Inc.’s holdings in ARM were worth $2,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARM. Rathbones Group PLC increased its holdings in shares of ARM by 4,638.8% in the fourth quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock valued at $54,660,000 after buying an additional 489,491 shares in the last quarter. Paragon Capital Management Inc. bought a new position in shares of ARM in the fourth quarter valued at $826,000. Lansdowne Partners UK LLP bought a new position in shares of ARM in the third quarter valued at $8,486,000. Hyperion Asset Management Ltd bought a new position in shares of ARM in the third quarter valued at $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ARM by 34.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock valued at $2,644,000 after buying an additional 6,232 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Trading Up 11.3%

Shares of NASDAQ:ARM opened at $380.81 on Friday. The stock has a market capitalization of $406.74 billion, a PE ratio of 453.35, a P/E/G ratio of 13.83 and a beta of 3.78. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $427.99. The firm has a fifty day moving average price of $243.82 and a 200 day moving average price of $165.14.

ARM (NASDAQ:ARMGet Free Report) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $1.49 billion during the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. On average, sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at ARM

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the completion of the sale, the chief accounting officer directly owned 12,135 shares in the company, valued at $4,765,414.50. This represents a 48.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction dated 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 owned 174,232 shares of the company’s stock, valued at $39,470,517.28. This trade represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 301,338 shares of company stock valued at $66,030,158.

ARM News Roundup

Here are the key news stories impacting ARM this week:

Wall Street Analyst Weigh In

ARM has been the topic of several research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price target (up from $135.00) on shares of ARM in a report on Tuesday, April 7th. Bank of America upped their price target on ARM from $245.00 to $335.00 and gave the company a “neutral” rating in a report on Thursday. Sanford C. Bernstein initiated coverage on ARM in a report on Monday, May 18th. They issued an “outperform” rating and a $300.00 price target on the stock. Barclays upped their price target on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, The Goldman Sachs Group upped their price target on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.00.

View Our Latest Analysis on ARM

ARM Company Profile

(Free Report)

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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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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