350 Shares in ARM Holdings PLC Sponsored ADR $ARM Acquired by Global Trust Asset Management LLC

Global Trust Asset Management LLC purchased a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 350 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds have also recently added to or reduced their stakes in ARM. TFC Financial Management Inc. raised its stake in ARM by 163.4% during the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 165 shares in the last quarter. Brooklyn Investment Group bought a new stake in ARM during the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC bought a new stake in ARM during the 1st quarter valued at $34,000. Oliver Lagore Vanvalin Investment Group bought a new stake in ARM during the 2nd quarter valued at $39,000. Finally, ORG Partners LLC bought a new stake in ARM during the 2nd quarter valued at $48,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Up 0.1%

Shares of NASDAQ ARM opened at $139.80 on Tuesday. The stock has a market capitalization of $147.70 billion, a price-to-earnings ratio of 211.82, a PEG ratio of 9.33 and a beta of 4.17. The stock’s fifty day simple moving average is $143.87 and its 200 day simple moving average is $133.02. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wells Fargo & Company lifted their target price on ARM from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Morgan Stanley lifted their target price on ARM from $150.00 to $194.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, July 31st. Guggenheim boosted their price objective on ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Finally, The Goldman Sachs Group initiated coverage on ARM in a research note on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

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.