Diversified Trust Co Trims Stock Position in ARM Holdings PLC Sponsored ADR $ARM

Diversified Trust Co cut its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,752 shares of the company’s stock after selling 375 shares during the period. Diversified Trust Co’s holdings in ARM were worth $283,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its position in shares of ARM by 2.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company’s stock valued at $608,000 after buying an additional 96 shares during the period. Compound Planning Inc. raised its position in ARM by 5.5% in the first quarter. Compound Planning Inc. now owns 2,305 shares of the company’s stock valued at $246,000 after purchasing an additional 120 shares during the period. IAM Advisory LLC raised its position in ARM by 3.0% in the second quarter. IAM Advisory LLC now owns 4,556 shares of the company’s stock valued at $737,000 after purchasing an additional 134 shares during the period. Convergence Financial LLC raised its holdings in ARM by 2.0% in the 1st quarter. Convergence Financial LLC now owns 6,991 shares of the company’s stock valued at $747,000 after buying an additional 136 shares during the period. Finally, AdvisorNet Financial Inc raised its holdings in ARM by 5.4% in the 1st quarter. AdvisorNet Financial Inc now owns 2,717 shares of the company’s stock valued at $290,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Evercore ISI boosted their price objective on shares of ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. TD Cowen boosted their price target on shares of ARM from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 target price on shares of ARM in a research report on Thursday, July 31st. Raymond James Financial boosted their target price on ARM from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Guggenheim boosted their price objective on ARM from $147.00 to $187.00 and gave the company a “buy” rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

ARM Stock Performance

ARM stock opened at $144.30 on Thursday. The company’s 50 day moving average price is $144.99 and its 200 day moving average price is $132.23. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88. The firm has a market capitalization of $152.45 billion, a price-to-earnings ratio of 218.64, a PEG ratio of 9.42 and a beta of 4.17.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.