Stonehage Fleming Financial Services Holdings Ltd Invests $540,000 in ARM Holdings PLC Sponsored ADR $ARM

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the second quarter, Holdings Channel.com reports. The fund acquired 3,341 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock worth $702,129,000 after purchasing an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP bought a new stake in ARM in the first quarter worth $170,287,000. American Century Companies Inc. lifted its stake in ARM by 112.3% in the first quarter. American Century Companies Inc. now owns 703,365 shares of the company’s stock worth $75,112,000 after purchasing an additional 372,081 shares during the last quarter. Invesco Ltd. raised its stake in shares of ARM by 9.5% during the first quarter. Invesco Ltd. now owns 576,020 shares of the company’s stock valued at $61,513,000 after acquiring an additional 49,805 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of ARM by 3,853.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company’s stock valued at $84,180,000 after acquiring an additional 507,300 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ARM. UBS Group lowered their price objective on shares of ARM from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, July 31st. Raymond James Financial boosted their price target on shares of ARM from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Wednesday. Finally, Seaport Res Ptn upgraded shares of ARM to a “strong-buy” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average target price of $167.43.

ARM Trading Down 9.2%

Shares of ARM stock opened at $154.93 on Friday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The firm’s 50 day moving average is $143.78 and its 200 day moving average is $135.18. The stock has a market capitalization of $163.68 billion, a P/E ratio of 234.74, a P/E/G ratio of 10.10 and a beta of 4.10.

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

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.