8,740 Shares in ARM Holdings PLC Sponsored ADR $ARM Bought by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,740 shares of the company’s stock, valued at approximately $955,000. ARM accounts for approximately 1.5% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings, making the stock its 17th biggest position.

Several other large investors have also made changes to their positions in ARM. Amundi raised its position in shares of ARM by 24.8% in the 1st quarter. Amundi now owns 11,804 shares of the company’s stock worth $1,153,000 after buying an additional 2,345 shares during the period. Empowered Funds LLC raised its position in shares of ARM by 28.8% in the 1st quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock worth $522,000 after buying an additional 1,094 shares during the period. Schnieders Capital Management LLC. raised its position in shares of ARM by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock worth $393,000 after buying an additional 200 shares during the period. Bank of Nova Scotia purchased a new position in shares of ARM in the 2nd quarter worth $556,000. Finally, State Street Corp raised its position in shares of ARM by 14.7% in the 2nd quarter. State Street Corp now owns 441,445 shares of the company’s stock worth $71,399,000 after buying an additional 56,656 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

Key ARM News

Here are the key news stories impacting ARM this week:

ARM Stock Performance

ARM stock opened at $335.27 on Friday. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $349.42. The firm has a market cap of $354.22 billion, a P/E ratio of 399.13, a price-to-earnings-growth ratio of 10.99 and a beta of 3.40. The stock has a 50-day simple moving average of $194.77 and a 200-day simple moving average of $147.97.

ARM (NASDAQ:ARMGet Free Report) last posted its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The business had revenue of $1.49 billion during the quarter. On average, equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group cut their target price on ARM from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. JPMorgan Chase & Co. cut their target price on ARM from $180.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a report on Thursday, May 7th. Sanford C. Bernstein initiated coverage on ARM in a report on Monday, May 18th. They issued an “outperform” rating and a $300.00 price target for the company. Finally, TD Cowen increased their price target on ARM from $165.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.79.

View Our Latest Analysis on ARM

Insider Activity at ARM

In other news, insider Spencer Collins sold 40,941 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $215.00, for a total transaction of $8,802,315.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Child sold 31,920 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were 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 represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 279,266 shares of company stock valued at $57,502,031.

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.

Featured Stories

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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