RBF Capital LLC Makes New $2.19 Million Investment in ARM Holdings PLC Sponsored ADR $ARM

RBF Capital LLC bought a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 20,000 shares of the company’s stock, valued at approximately $2,186,000.

A number of other hedge funds have also recently modified their holdings of ARM. Navalign LLC purchased a new position in shares of ARM during the fourth quarter worth approximately $33,000. FWL Investment Management LLC purchased a new position in ARM during the second quarter valued at approximately $34,000. Motiv8 Investments LLC purchased a new position in ARM during the fourth quarter valued at approximately $38,000. Strategic Investment Solutions Inc. IL increased its holdings in ARM by 238.1% during the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after buying an additional 200 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in ARM during the fourth quarter valued at approximately $43,000. Institutional investors own 7.53% of the company’s stock.

ARM Trading Down 3.9%

ARM stock opened at $396.34 on Wednesday. The firm has a 50-day moving average of $254.04 and a two-hundred day moving average of $169.20. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $428.60. The company has a market cap of $423.32 billion, a price-to-earnings ratio of 471.83, a PEG ratio of 14.98 and a beta of 3.78.

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

Insider Activity

In related news, insider Charlotte Claire Eaton sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $282.77, for a total transaction of $1,131,080.00. Following the completion of the transaction, the insider owned 7,805 shares of the company’s stock, valued at approximately $2,207,019.85. This trade represents a 33.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Child sold 31,920 shares of the 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 transaction, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at $39,470,517.28. The trade was a 15.48% decrease in their position. 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.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ARM shares. Sanford C. Bernstein initiated coverage on shares of ARM in a report on Monday, May 18th. They issued an “outperform” rating and a $300.00 price target on the stock. HSBC upgraded shares of ARM from a “reduce” rating to a “buy” rating and boosted their target price for the company from $90.00 to $205.00 in a research report on Friday, March 20th. Susquehanna boosted their target price on shares of ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research report on Thursday, April 16th. The Goldman Sachs Group increased their target price on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Finally, Rosenblatt Securities increased their target price on shares of ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.04.

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.