ARM Holdings PLC Sponsored ADR $ARM Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 67.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,621 shares of the company’s stock after buying an additional 46,919 shares during the quarter. Pacer Advisors Inc.’s holdings in ARM were worth $12,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. purchased a new stake in ARM in the fourth quarter valued at about $30,000. Navalign LLC acquired a new stake in ARM in the fourth quarter worth about $33,000. FWL Investment Management LLC purchased a new stake in shares of ARM during the second quarter worth about $34,000. Motiv8 Investments LLC purchased a new stake in shares of ARM during the fourth quarter worth about $38,000. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of 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 acquiring an additional 200 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ARM

In other news, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at $39,470,517.28. This represents a 15.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Spencer Collins sold 51,961 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the completion of the sale, 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. Insiders sold a total of 301,338 shares of company stock worth $66,030,158 in the last ninety days.

ARM Price Performance

Shares of NASDAQ:ARM opened at $439.46 on Friday. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70. The stock has a market cap of $469.38 billion, a price-to-earnings ratio of 523.17, a PEG ratio of 15.96 and a beta of 3.78. The business has a 50-day moving average price of $271.16 and a 200-day moving average price of $175.21.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on ARM. Mizuho increased their price objective on shares of ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Royal Bank Of Canada boosted their target price on shares of ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Jefferies Financial Group set a $290.00 price target on shares of ARM in a report on Thursday, May 21st. Rosenblatt Securities lifted their price objective 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of ARM in a report on Tuesday. Nineteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $253.38.

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.