EverSource Wealth Advisors LLC Decreases Stake in ARM Holdings PLC Sponsored ADR $ARM

EverSource Wealth Advisors LLC cut its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) by 59.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,851 shares of the company’s stock after selling 5,658 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ARM were worth $421,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Compound Planning Inc. boosted its stake in shares of ARM by 4.6% in the third quarter. Compound Planning Inc. now owns 1,569 shares of the company’s stock valued at $222,000 after buying an additional 69 shares in the last quarter. Rathbones Group PLC boosted its stake in shares of ARM by 0.7% in the third quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock valued at $1,493,000 after buying an additional 70 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of ARM by 2.0% in the third quarter. Kovack Advisors Inc. now owns 3,602 shares of the company’s stock valued at $510,000 after buying an additional 72 shares in the last quarter. Murphy & Mullick Capital Management Corp boosted its stake in shares of ARM by 9.1% in the third quarter. Murphy & Mullick Capital Management Corp now owns 926 shares of the company’s stock valued at $135,000 after buying an additional 77 shares in the last quarter. Finally, Balboa Wealth Partners boosted its stake in shares of ARM by 2.7% in the third quarter. Balboa Wealth Partners now owns 3,108 shares of the company’s stock valued at $440,000 after buying an additional 83 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ARM shares. Royal Bank Of Canada lifted their price target on ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Raymond James Financial reiterated an “outperform” rating on shares of ARM in a research report on Thursday, May 7th. TD Cowen boosted their target price on ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays boosted their target price on ARM from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their target price on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $208.79.

Check Out Our Latest Stock Report on ARM

Insider Buying and Selling

In other news, CEO Rene A. Haas sold 23,867 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total value of $3,846,644.39. Following the completion of the transaction, the chief executive officer directly owned 290,965 shares of the company’s stock, valued at $46,894,829.05. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Spencer Collins sold 51,961 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the completion of the transaction, the insider directly owned 51,125 shares of the company’s stock, valued at approximately $10,824,696.25. This trade represents a 50.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 279,266 shares of company stock valued at $57,502,031.

ARM Stock Down 5.8%

NASDAQ ARM opened at $302.71 on Thursday. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $325.00. The stock has a market cap of $319.82 billion, a price-to-earnings ratio of 360.37, a price-to-earnings-growth ratio of 11.67 and a beta of 3.40. The business has a fifty day moving average of $190.61 and a 200-day moving average of $146.68.

ARM (NASDAQ:ARMGet Free Report) last released its quarterly earnings results 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 company had revenue of $1.49 billion during the quarter. As a group, analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

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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