2,602 Shares in ARM Holdings PLC Sponsored ADR $ARM Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,602 shares of the company’s stock, valued at approximately $394,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Amundi boosted its position in shares of ARM by 24.8% in the first quarter. Amundi now owns 11,804 shares of the company’s stock worth $1,153,000 after buying an additional 2,345 shares during the period. Empowered Funds LLC raised its holdings in shares of ARM by 28.8% during the 1st quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock valued at $522,000 after buying an additional 1,094 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of ARM by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock valued at $393,000 after buying an additional 200 shares during the period. Bank of Nova Scotia acquired a new position in ARM during the 2nd quarter worth approximately $556,000. Finally, State Street Corp lifted its position in ARM by 14.7% during the 2nd quarter. State Street Corp now owns 441,445 shares of the company’s stock worth $71,399,000 after acquiring an additional 56,656 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of analyst reports. Sanford C. Bernstein set a $500.00 price target on ARM in a report on Wednesday, June 17th. UBS Group dropped their price objective on shares of ARM from $470.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday. Susquehanna boosted their target price on shares of ARM from $300.00 to $320.00 and gave the stock a “positive” rating in a research report on Tuesday. Guggenheim upped their target price on shares of ARM from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Mizuho raised their price target on shares of ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $297.65.

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ARM Stock Performance

NASDAQ:ARM opened at $283.40 on Thursday. The stock has a market cap of $302.69 billion, a price-to-earnings ratio of 337.38, a price-to-earnings-growth ratio of 9.05 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a one year low of $100.02 and a one year high of $452.70. The business’s 50-day simple moving average is $328.16 and its 200 day simple moving average is $206.83.

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

Insider Activity at ARM

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total value of $4,439,866.20. Following the sale, the chief accounting officer directly owned 12,135 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, insider William Abbey sold 10,887 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $224.14, for a total transaction of $2,440,212.18. Following the transaction, the insider owned 43,353 shares in the company, valued at $9,717,141.42. This trade represents a 20.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 216,049 shares of company stock worth $52,101,605.

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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