Banco Bilbao Vizcaya Argentaria S.A. lessened its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM – Free Report) by 84.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,910 shares of the company’s stock after selling 76,149 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in ARM were worth $2,281,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Swedbank AB purchased a new position in ARM in the 1st quarter worth approximately $18,667,000. Integrated Wealth Concepts LLC lifted its holdings in shares of ARM by 24.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,465 shares of the company’s stock worth $1,118,000 after acquiring an additional 2,025 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ARM by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 107,728 shares of the company’s stock worth $11,505,000 after acquiring an additional 11,953 shares during the last quarter. Global X Japan Co. Ltd. increased its stake in ARM by 638.4% in the second quarter. Global X Japan Co. Ltd. now owns 80,239 shares of the company’s stock valued at $12,978,000 after acquiring an additional 69,372 shares during the last quarter. Finally, Hoey Investments Inc. increased its stake in ARM by 159.3% in the second quarter. Hoey Investments Inc. now owns 15,206 shares of the company’s stock valued at $2,459,000 after acquiring an additional 9,341 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on ARM shares. Benchmark reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, November 6th. Wells Fargo & Company increased their target price on shares of ARM from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Raymond James Financial boosted their price target on shares of ARM from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Mizuho upped their price target on shares of ARM from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Seaport Res Ptn upgraded ARM to a “strong-buy” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and an average target price of $179.80.
ARM Stock Performance
Shares of NASDAQ:ARM opened at $139.77 on Monday. The business has a 50-day simple moving average of $156.54 and a two-hundred day simple moving average of $146.24. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The firm has a market cap of $147.67 billion, a price-to-earnings ratio of 179.19, a price-to-earnings-growth ratio of 8.37 and a beta of 4.11.
ARM (NASDAQ:ARM – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. ARM had a return on equity of 15.03% and a net margin of 18.81%.The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.
About ARM
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.
See Also
- Five stocks we like better than ARM
- How to Use Stock Screeners to Find Stocks
- 4 Cold-Weather Stocks to Buy as Winter Spending Heats Up
- 3 Fintech Stocks With Good 2021 Prospects
- Disney Stock Drops—Will Earnings Pave Way for a YouTube TV Truce?
- Why Are These Companies Considered Blue Chips?
- Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?
Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.
