Chicago Capital LLC Buys 3,349 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Chicago Capital LLC raised its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,653 shares of the company’s stock after buying an additional 3,349 shares during the period. Chicago Capital LLC’s holdings in ARM were worth $1,672,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in ARM by 259.7% in the fourth quarter. Van ECK Associates Corp now owns 9,761 shares of the company’s stock worth $1,204,000 after acquiring an additional 7,047 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of ARM by 52.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,903 shares of the company’s stock worth $375,000 after buying an additional 999 shares during the period. Blue Trust Inc. lifted its position in ARM by 15.8% during the 4th quarter. Blue Trust Inc. now owns 1,694 shares of the company’s stock worth $209,000 after acquiring an additional 231 shares during the period. Principal Securities Inc. boosted its position in ARM by 6.3% in the fourth quarter. Principal Securities Inc. now owns 4,384 shares of the company’s stock valued at $541,000 after buying an additional 261 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of ARM by 94.5% in the 4th quarter. Allworth Financial LP now owns 1,023 shares of the company’s stock valued at $126,000 after acquiring an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Up 1.9%

Shares of ARM opened at $144.72 on Wednesday. The firm’s 50 day moving average price is $122.17 and its 200 day moving average price is $130.75. The company has a market cap of $153.30 billion, a P/E ratio of 192.96, a PEG ratio of 6.52 and a beta of 4.08. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. ARM had a return on equity of 17.97% and a net margin of 19.76%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. Research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley lowered their price objective on ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company dropped their target price on shares of ARM from $150.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Loop Capital dropped their price target on ARM from $195.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Finally, UBS Group cut their price objective on shares of ARM from $215.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.76.

ARM Company 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.