Diversified Trust Co acquired a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,528 shares of the company’s stock, valued at approximately $231,000.
A number of other large investors also recently bought and sold shares of the business. Mcguire Capital Advisors Inc. purchased a new stake in ARM during the fourth quarter worth $30,000. Navalign LLC purchased a new position in shares of ARM in the 4th quarter valued at $33,000. FWL Investment Management LLC purchased a new position in shares of ARM in the 2nd quarter valued at $34,000. Motiv8 Investments LLC bought a new position in shares of ARM in the 4th quarter worth $38,000. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of ARM by 238.1% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock worth $40,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.
ARM Price Performance
Shares of ARM stock opened at $334.27 on Friday. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The stock’s fifty day moving average price is $291.90 and its 200 day moving average price is $183.05. The company has a market cap of $357.03 billion, a price-to-earnings ratio of 397.94, a price-to-earnings-growth ratio of 12.14 and a beta of 3.78.
Insider Activity
In other ARM news, CFO Jason Child sold 31,920 shares of the business’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 transaction of $7,231,156.80. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Spencer Collins sold 51,961 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the transaction, the insider owned 51,125 shares in the company, valued at $10,824,696.25. The trade was a 50.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 248,205 shares of company stock valued at $57,741,572.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on ARM. Rosenblatt Securities upped their price objective on ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company lifted their target price on ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 target price (up from $135.00) on shares of ARM in a report on Tuesday, April 7th. Bank of America increased their price target on shares of ARM from $335.00 to $460.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a report on Thursday, May 7th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.83.
ARM Profile
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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