Corps Capital Advisors LLC Increases Position in ARM Holdings PLC Sponsored ADR $ARM

Corps Capital Advisors LLC boosted its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) by 36.9% in the 4th quarter, Holdings Channel reports. The fund owned 9,580 shares of the company’s stock after acquiring an additional 2,580 shares during the quarter. ARM accounts for 1.1% of Corps Capital Advisors LLC’s holdings, making the stock its 25th largest holding. Corps Capital Advisors LLC’s holdings in ARM were worth $1,047,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARM. Navalign LLC purchased a new stake in ARM during the 4th quarter valued at about $33,000. FWL Investment Management LLC purchased a new stake in ARM during the 2nd quarter valued at about $34,000. Strategic Investment Solutions Inc. IL grew its stake in ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after acquiring an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in ARM during the 4th quarter valued at about $43,000. Finally, WFA of San Diego LLC purchased a new stake in ARM during the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM News Roundup

Here are the key news stories impacting ARM this week:

ARM Price Performance

NASDAQ:ARM opened at $380.81 on Friday. The firm has a market capitalization of $406.74 billion, a price-to-earnings ratio of 453.35, a PEG ratio of 12.43 and a beta of 3.78. The company’s 50-day moving average is $243.82 and its two-hundred day moving average is $165.14. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $427.99.

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

Insider Transactions at ARM

In other news, insider Richard Roy Grisenthwaite sold 24,339 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $209.15, for a total value of $5,090,501.85. Following the transaction, the insider directly owned 5,543 shares in the company, valued at approximately $1,159,318.45. This represents a 81.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the completion of the transaction, the chief financial officer owned 174,232 shares in the company, valued at approximately $39,470,517.28. This represents a 15.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 301,338 shares of company stock worth $66,030,158.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group set a $290.00 price objective on shares of ARM in a research note on Thursday, May 21st. Guggenheim boosted their target price on shares of ARM from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays boosted their target price on shares of ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Rosenblatt Securities boosted their target price on shares of ARM from $175.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Bank of America boosted their target price on shares of ARM from $245.00 to $335.00 and gave the company a “neutral” rating in a report on Thursday. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average target price of $239.00.

Check Out Our Latest Report on ARM

About ARM

(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.

See Also

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)

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