ARM Holdings PLC Sponsored ADR $ARM Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 48.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,572 shares of the company’s stock after selling 3,366 shares during the quarter. International Assets Investment Management LLC’s holdings in ARM were worth $554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in ARM by 2,623.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock worth $182,743,000 after purchasing an additional 1,610,403 shares during the period. Employees Provident Fund Board acquired a new position in ARM during the 4th quarter valued at about $120,241,000. SG Americas Securities LLC increased its stake in ARM by 265.6% during the 1st quarter. SG Americas Securities LLC now owns 971,067 shares of the company’s stock valued at $146,903,000 after buying an additional 705,459 shares during the period. Invesco Ltd. raised its position in shares of ARM by 36.9% during the 4th quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock worth $265,279,000 after buying an additional 654,727 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of ARM by 41.6% during the 4th quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock worth $234,925,000 after buying an additional 631,576 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

ARM stock opened at $281.17 on Wednesday. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $452.70. The firm has a market capitalization of $300.31 billion, a price-to-earnings ratio of 334.73, a P/E/G ratio of 10.86 and a beta of 3.76. The company has a 50 day moving average price of $321.30 and a 200 day moving average price of $199.88.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) 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%. Equities analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ARM. New Street Research lowered shares of ARM from a “buy” rating to a “neutral” rating in a research note on Thursday, June 18th. Jefferies Financial Group set a $290.00 price objective on shares of ARM in a research note on Thursday, May 21st. TD Cowen boosted their target price on ARM from $265.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of ARM in a research report on Tuesday, June 16th. Finally, HSBC lowered ARM from a “buy” rating to a “hold” rating and increased their price target for the company from $255.00 to $315.00 in a research note on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $295.25.

Insider Buying and Selling at ARM

In other ARM news, CFO Jason Child sold 31,920 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. This trade represents a 15.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Spencer Collins sold 51,961 shares of ARM stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $211.73, for a total value of $11,001,702.53. Following the transaction, the insider directly owned 51,125 shares in the company, valued at approximately $10,824,696.25. This trade represents a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 238,906 shares of company stock valued at $56,245,828 in the last ninety days.

About ARM

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.