Baader Bank Aktiengesellschaft Buys Shares of 2,061 ARM Holdings PLC Sponsored ADR $ARM

Baader Bank Aktiengesellschaft bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,061 shares of the company’s stock, valued at approximately $312,000.

A number of other large investors have also recently made changes to their positions in ARM. Amundi raised its stake in shares of ARM by 24.8% during the 1st quarter. Amundi now owns 11,804 shares of the company’s stock valued at $1,153,000 after purchasing an additional 2,345 shares during the period. Empowered Funds LLC boosted its stake in ARM by 28.8% in the 1st quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock worth $522,000 after purchasing an additional 1,094 shares during the period. Schnieders Capital Management LLC. boosted its stake in ARM by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock worth $393,000 after purchasing an additional 200 shares during the period. Bank of Nova Scotia purchased a new position in ARM during the 2nd quarter valued at about $556,000. Finally, State Street Corp grew its holdings in ARM by 14.7% during the 2nd quarter. State Street Corp now owns 441,445 shares of the company’s stock valued at $71,399,000 after buying an additional 56,656 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM News Roundup

Here are the key news stories impacting ARM this week:

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of recent analyst reports. Benchmark started coverage on shares of ARM in a report on Thursday, July 16th. They issued a “hold” rating on the stock. TD Cowen boosted their price objective on shares of ARM from $265.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Susquehanna upped their target price on shares of ARM from $300.00 to $320.00 and gave the stock a “positive” rating in a report on Tuesday. Royal Bank Of Canada increased their target price on shares of ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of ARM in a report on Tuesday, June 16th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $297.65.

Get Our Latest Research Report on ARM

Insider Buying and Selling

In related news, insider William Abbey sold 10,887 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the transaction, the insider owned 43,353 shares of the company’s stock, valued at $9,717,141.42. This represents a 20.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total value of $4,439,866.20. Following the sale, the chief accounting officer owned 12,135 shares in the company, valued at $4,765,414.50. The trade was a 48.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 216,049 shares of company stock valued at $52,101,605 in the last three months.

ARM Trading Down 2.2%

Shares of NASDAQ ARM opened at $283.40 on Thursday. The business has a 50-day moving average of $328.16 and a 200-day moving average of $206.83. The firm has a market capitalization of $302.69 billion, a price-to-earnings ratio of 337.38, a PEG ratio of 9.05 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $452.70.

ARM (NASDAQ:ARMGet Free Report) last announced its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. The business had revenue of $1.49 billion for the quarter. On average, analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

ARM Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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