D.A. Davidson & CO. Sells 295 Shares of ARM Holdings PLC Sponsored ADR $ARM

D.A. Davidson & CO. lowered its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,701 shares of the company’s stock after selling 295 shares during the period. D.A. Davidson & CO.’s holdings in ARM were worth $437,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Sanders Morris Harris LLC bought a new stake in shares of ARM in the 2nd quarter valued at $229,000. Phoenix Financial Ltd. bought a new stake in shares of ARM in the 2nd quarter valued at $1,617,000. Avidian Wealth Enterprises LLC bought a new stake in shares of ARM in the 2nd quarter valued at $301,000. Schnieders Capital Management LLC increased its position in shares of ARM by 9.0% in the 2nd quarter. Schnieders Capital Management LLC now owns 2,430 shares of the company’s stock valued at $393,000 after buying an additional 200 shares in the last quarter. Finally, Stephens Inc. AR increased its position in shares of ARM by 3.4% in the 2nd quarter. Stephens Inc. AR now owns 4,665 shares of the company’s stock valued at $755,000 after buying an additional 155 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $170.39 on Thursday. The firm has a 50-day moving average of $152.09 and a 200-day moving average of $141.78. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $183.16. The company has a market cap of $180.02 billion, a price-to-earnings ratio of 258.17, a P/E/G ratio of 10.87 and a beta of 4.10.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.40 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

ARM has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of ARM in a research report on Wednesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, July 31st. UBS Group lifted their price target on ARM from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, July 31st. Finally, Evercore ISI lifted their price target on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.33.

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.