ARM Holdings PLC Sponsored ADR $ARM Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. cut its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 612,528 shares of the company’s stock after selling 28,349 shares during the quarter. Baillie Gifford & Co. owned 0.06% of ARM worth $66,955,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARM. GAMMA Investing LLC boosted its stake in shares of ARM by 126.0% during the 3rd quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock worth $25,000 after acquiring an additional 97 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of ARM during the 3rd quarter worth $28,000. FWL Investment Management LLC bought a new stake in shares of ARM during the 2nd quarter worth $34,000. Strategic Investment Solutions Inc. IL boosted its stake in shares of ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock worth $40,000 after acquiring an additional 200 shares in the last quarter. Finally, Financial Consulate Inc. bought a new stake in shares of ARM during the 3rd quarter worth $45,000. 7.53% of the stock is owned by institutional investors.

ARM Stock Up 5.8%

Shares of ARM stock opened at $157.58 on Tuesday. The stock has a market cap of $166.48 billion, a PE ratio of 210.11, a price-to-earnings-growth ratio of 6.71 and a beta of 3.33. The business has a fifty day simple moving average of $130.82 and a 200-day simple moving average of $134.26. ARM Holdings PLC Sponsored ADR has a 12 month low of $95.32 and a 12 month high of $183.16.

ARM (NASDAQ:ARM) last issued its earnings results on Thursday, February 5th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. ARM had a return on equity of 14.01% and a net margin of 17.15%.ARM’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. Analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at ARM

In other news, CFO Jason Child sold 21,280 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $148.37, for a total value of $3,157,313.60. Following the completion of the sale, the chief financial officer owned 174,706 shares of the company’s stock, valued at $25,921,129.22. This trade represents a 10.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rene A. Haas sold 7,986 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $160.86, for a total value of $1,284,627.96. Following the completion of the sale, the chief executive officer directly owned 282,979 shares of the company’s stock, valued at approximately $45,520,001.94. This trade represents a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 53,133 shares of company stock valued at $8,288,586.

Analysts Set New Price Targets

ARM has been the subject of several research reports. Jefferies Financial Group set a $170.00 price objective on ARM in a research note on Thursday, February 5th. Royal Bank Of Canada raised their price objective on ARM from $130.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Wednesday, January 21st. The Goldman Sachs Group raised their price objective on ARM from $110.00 to $125.00 and gave the stock a “sell” rating in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on ARM from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Wednesday, March 25th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.33.

ARM Company Profile

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.