12,092 Shares in ARM Holdings PLC Sponsored ADR $ARM Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale bought a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,092 shares of the company’s stock, valued at approximately $1,788,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley lifted its stake in ARM by 1.2% during the 4th quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock valued at $413,521,000 after acquiring an additional 45,314 shares during the period. Invesco Ltd. boosted its holdings in shares of ARM by 36.9% in the 4th quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after acquiring an additional 654,727 shares during the last quarter. Coatue Management LLC increased its stake in shares of ARM by 1.8% in the fourth quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock worth $251,413,000 after acquiring an additional 40,174 shares during the period. Wellington Management Group LLP increased its stake in shares of ARM by 41.6% in the fourth quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock worth $234,925,000 after acquiring an additional 631,576 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of ARM by 11.0% in the fourth quarter. Schroder Investment Management Group now owns 1,891,310 shares of the company’s stock worth $206,739,000 after acquiring an additional 187,035 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Barclays increased their price target on ARM from $250.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Sanford C. Bernstein set a $500.00 price objective on ARM in a research note on Wednesday, June 17th. New Street Research cut ARM from a “buy” rating to a “neutral” rating in a report on Thursday, June 18th. Finally, HSBC cut ARM from a “buy” rating to a “hold” rating and boosted their price objective for the company from $255.00 to $315.00 in a report on Tuesday, July 14th. 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 company. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus target price of $298.96.

ARM Price Performance

NASDAQ:ARM opened at $267.19 on Monday. The firm has a market cap of $285.38 billion, a price-to-earnings ratio of 318.08, a price-to-earnings-growth ratio of 9.70 and a beta of 3.76. The company has a 50 day moving average price of $324.14 and a 200-day moving average price of $203.22. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. The firm had revenue of $1.49 billion during the quarter. On average, sell-side analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ARM news, insider Spencer Collins sold 51,961 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $211.73, for a total value of $11,001,702.53. Following the completion of the transaction, the insider owned 51,125 shares in the company, valued at approximately $10,824,696.25. This represents a 50.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Child sold 31,920 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the sale, the chief financial officer directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. The trade was a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 238,906 shares of company stock valued at $56,245,828 in the last ninety days.

ARM 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.