Groupe la Francaise Reduces Position in Arm Holdings PLC Sponsored ADR $ARM

Groupe la Francaise lessened its holdings in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 33.0% in the second quarter, Holdings Channel.com reports. The firm owned 28,120 shares of the company’s stock after selling 13,833 shares during the period. Groupe la Francaise’s holdings in ARM were worth $9,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of ARM. Mcguire Capital Advisors Inc. bought a new stake in shares of ARM in the fourth quarter valued at approximately $30,000. Syntax Research Inc. purchased a new stake in shares of ARM during the 1st quarter valued at approximately $30,000. Evelyn Partners Investment Management Services Ltd bought a new position in ARM in the 1st quarter worth approximately $30,000. Navalign LLC bought a new position in ARM in the 4th quarter worth approximately $33,000. Finally, FWL Investment Management LLC purchased a new position in ARM in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Insider Activity at ARM

In other news, CFO Jason Child sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $255.33, for a total transaction of $2,655,432.00. Following the completion of the transaction, the chief financial officer owned 163,832 shares of the company’s stock, valued at approximately $41,831,224.56. The trade was a 5.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ARM shares. Bank of America reissued a “neutral” rating on shares of ARM in a report on Thursday, July 30th. HSBC lowered ARM from a “buy” rating to a “hold” rating and raised their price target for the stock from $255.00 to $315.00 in a report on Tuesday, July 14th. Needham & Company LLC reiterated a “buy” rating and issued a $255.00 price target on shares of ARM in a research report on Thursday, July 30th. Barclays boosted their price objective on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Benchmark started coverage on ARM in a report on Thursday, July 16th. They set a “hold” rating on the stock. Eighteen 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $305.12.

ARM Stock Performance

NASDAQ:ARM opened at $252.09 on Monday. The firm has a market capitalization of $269.25 billion, a price-to-earnings ratio of 259.89, a P/E/G ratio of 7.47 and a beta of 3.89. 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 fifty day moving average of $273.23 and a 200 day moving average of $238.91.

ARM (NASDAQ:ARM) last posted its earnings results on Thursday, July 30th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%.The firm’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. Equities analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current fiscal year.

ARM Profile

Arm Holdings (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.