189,496 Shares in ARM Holdings PLC Sponsored ADR $ARM Purchased by Tran Capital Management L.P.

Tran Capital Management L.P. bought a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 189,496 shares of the company’s stock, valued at approximately $20,714,000. ARM accounts for 2.5% of Tran Capital Management L.P.’s holdings, making the stock its 17th largest position.

A number of other large investors also recently added to or reduced their stakes in the business. Pacific Heights Asset Management LLC lifted its holdings in shares of ARM by 32.1% in the third quarter. Pacific Heights Asset Management LLC now owns 185,000 shares of the company’s stock worth $26,176,000 after buying an additional 45,000 shares in the last quarter. Orion Porfolio Solutions LLC bought a new stake in ARM in the 2nd quarter valued at $6,277,000. Voya Investment Management LLC lifted its stake in ARM by 15.5% in the 3rd quarter. Voya Investment Management LLC now owns 202,443 shares of the company’s stock worth $28,644,000 after purchasing an additional 27,228 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in shares of ARM during the 3rd quarter valued at about $6,219,000. Finally, Lansdowne Partners UK LLP bought a new position in shares of ARM during the 3rd quarter valued at about $8,486,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Evercore reduced their target price on ARM from $215.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday, February 5th. Needham & Company LLC upgraded shares of ARM from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Thursday, March 26th. Raymond James Financial raised shares of ARM from a “market perform” rating to an “outperform” rating and set a $166.00 price objective for the company in a research note on Wednesday, March 25th. Finally, Citigroup downgraded shares of ARM from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Nineteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $168.58.

Insider Activity

In related news, CEO Rene A. Haas sold 7,986 shares of the stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $160.86, for a total value of $1,284,627.96. Following the sale, the chief executive officer directly owned 282,979 shares of the company’s stock, valued at $45,520,001.94. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Child sold 21,280 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the completion of the sale, the chief financial officer directly owned 174,706 shares of the company’s stock, valued at approximately $25,921,129.22. The trade was a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,133 shares of company stock valued at $8,288,586 in the last 90 days.

ARM Stock Performance

NASDAQ ARM opened at $149.11 on Friday. The business’s 50 day moving average price is $126.06 and its 200-day moving average price is $134.12. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $183.16. The company has a market cap of $157.54 billion, a P/E ratio of 198.81, a P/E/G ratio of 6.65 and a beta of 3.33.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. ARM had a return on equity of 14.01% and a net margin of 17.15%.The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $0.39 earnings per share. ARM’s revenue was up 26.3% on a year-over-year basis. As a group, equities analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

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.