SteelPeak Wealth LLC Buys Shares of 2,112 ARM Holdings PLC Sponsored ADR $ARM

SteelPeak Wealth LLC purchased a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,112 shares of the company’s stock, valued at approximately $320,000.

Other large investors also recently made changes to their positions in the company. Syntax Research Inc. acquired a new position in shares of ARM during the 1st quarter valued at about $30,000. Mcguire Capital Advisors Inc. acquired a new stake in ARM in the 4th quarter worth approximately $30,000. Navalign LLC acquired a new stake in ARM in the 4th quarter worth approximately $33,000. FWL Investment Management LLC bought a new stake in ARM during the second quarter worth approximately $34,000. Finally, Motiv8 Investments LLC bought a new stake in ARM during the fourth quarter worth approximately $38,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of NASDAQ ARM opened at $267.19 on Monday. The business’s 50 day moving average is $324.14 and its two-hundred day moving average is $203.22. The company has a market cap of $285.38 billion, a P/E ratio of 318.08, a P/E/G ratio of 9.70 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $452.70.

ARM (NASDAQ:ARMGet Free Report) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The company had revenue of $1.49 billion during the quarter. Sell-side analysts expect 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, insider Richard Roy Grisenthwaite sold 24,339 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $209.15, for a total value of $5,090,501.85. Following the sale, the insider directly owned 5,543 shares in the company, valued at $1,159,318.45. This trade represents a 81.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Spencer Collins sold 51,961 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the completion of the sale, the insider owned 51,125 shares in the company, valued at $10,824,696.25. This represents a 50.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 238,906 shares of company stock valued at $56,245,828 in the last three months.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Guggenheim lifted their price target on shares of ARM from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Susquehanna raised their target price on shares of ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research note on Thursday, April 16th. HSBC downgraded shares of ARM from a “buy” rating to a “hold” rating and lifted their target price for the stock from $255.00 to $315.00 in a report on Tuesday, July 14th. Finally, New Street Research lowered shares of ARM from a “buy” rating to a “neutral” rating in a research report on Thursday, June 18th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $298.96.

Get Our Latest Stock Report on ARM

About ARM

(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.

Recommended Stories

Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report).

Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.