2,732 Shares in ARM Holdings PLC Sponsored ADR $ARM Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,732 shares of the company’s stock, valued at approximately $299,000.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in shares of ARM by 16.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,756 shares of the company’s stock valued at $192,000 after acquiring an additional 246 shares in the last quarter. Swedbank AB raised its holdings in shares of ARM by 16.3% in the 4th quarter. Swedbank AB now owns 364,000 shares of the company’s stock valued at $39,789,000 after acquiring an additional 51,000 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of ARM by 12.2% in the 4th quarter. Prospera Financial Services Inc now owns 2,669 shares of the company’s stock valued at $292,000 after acquiring an additional 290 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of ARM by 20.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,065 shares of the company’s stock valued at $335,000 after acquiring an additional 520 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of ARM in the 4th quarter valued at about $3,695,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARM. Benchmark reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 5th. Sanford C. Bernstein assumed coverage on ARM in a research report on Monday, May 18th. They set an “outperform” rating and a $300.00 price objective on the stock. The Goldman Sachs Group increased their price objective on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a research report on Thursday, May 7th. Needham & Company LLC increased their price objective on ARM from $200.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, UBS Group reduced their price target on ARM from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $226.92.

View Our Latest Analysis on ARM

ARM Stock Performance

Shares of ARM stock opened at $408.85 on Tuesday. The firm has a market cap of $431.95 billion, a P/E ratio of 486.73, a P/E/G ratio of 12.83 and a beta of 3.77. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $421.69. The business’s 50 day moving average price is $204.85 and its 200-day moving average price is $151.19.

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

Key Headlines Impacting ARM

Here are the key news stories impacting ARM this week:

Insider Buying and Selling

In other news, insider William Abbey sold 10,887 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the completion of the transaction, the insider owned 43,353 shares in the company, valued at $9,717,141.42. This trade represents a 20.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Child sold 31,920 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. The trade was a 15.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 283,466 shares of company stock worth $58,946,033 over the last quarter.

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

Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report).

Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.