Renaissance Technologies LLC decreased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) by 96.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 16,900 shares of the company’s stock after selling 456,700 shares during the period. Renaissance Technologies LLC’s holdings in ARM were worth $2,557,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of ARM. Mcguire Capital Advisors Inc. acquired a new stake in ARM during the 4th quarter worth about $30,000. Syntax Research Inc. bought a new stake in shares of ARM during the 1st quarter valued at about $30,000. Navalign LLC bought a new stake in shares of ARM during the 4th quarter valued at about $33,000. FWL Investment Management LLC acquired a new stake in ARM during the second quarter worth approximately $34,000. Finally, Motiv8 Investments LLC acquired a new stake in ARM during the fourth quarter worth approximately $38,000. Institutional investors own 7.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ARM. Sanford C. Bernstein set a $500.00 price target on ARM in a research note on Wednesday, June 17th. Royal Bank Of Canada lowered their price objective on shares of ARM from $475.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Susquehanna boosted their target price on shares of ARM from $300.00 to $320.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. TD Cowen cut their target price on shares of ARM from $475.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Rosenblatt Securities reduced their price target on shares of ARM from $270.00 to $250.00 and set a “buy” rating for the company in a report on Friday, July 31st. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $285.33.
ARM Stock Performance
Shares of NASDAQ ARM opened at $282.57 on Monday. The stock has a market cap of $301.81 billion, a price-to-earnings ratio of 291.31, a PEG ratio of 8.38 and a beta of 3.91. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70. The firm’s 50-day simple moving average is $323.52 and its 200 day simple moving average is $219.49.
ARM (NASDAQ:ARM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%.The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. ARM has set its Q2 2027 guidance at 0.430-0.510 EPS. On average, sell-side analysts predict that ARM Holdings PLC Sponsored ADR will post 1.15 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 stock was 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 owned 12,135 shares in the company, valued at approximately $4,765,414.50. This represents a 48.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total value 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 164,088 shares of company stock valued at $41,099,903 over the last 90 days.
ARM Company Profile
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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