Rathbones Group PLC Purchases 489,491 Shares of ARM Holdings PLC Sponsored ADR $ARM

Rathbones Group PLC grew its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 4,638.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 500,043 shares of the company’s stock after purchasing an additional 489,491 shares during the quarter. Rathbones Group PLC’s holdings in ARM were worth $54,660,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of ARM by 126.0% during the third quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock worth $25,000 after buying an additional 97 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of ARM in the third quarter worth $28,000. FWL Investment Management LLC bought a new position in ARM during the second quarter worth $34,000. Strategic Investment Solutions Inc. IL raised its stake in ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in ARM in the 2nd quarter worth $49,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

ARM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of ARM from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Barclays restated an “overweight” rating and set a $165.00 price target on shares of ARM in a research note on Thursday, March 26th. Evercore cut their price target on ARM from $215.00 to $170.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Citigroup downgraded ARM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, HSBC raised ARM from a “reduce” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $205.00 in a report on Friday, March 20th. Nineteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average price target of $168.58.

ARM Price Performance

Shares of ARM stock opened at $149.11 on Monday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $183.16. The stock has a market capitalization of $157.54 billion, a P/E ratio of 198.81, a price-to-earnings-growth ratio of 6.65 and a beta of 3.33. The company has a 50-day simple moving average of $126.06 and a 200 day simple moving average of $133.99.

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

Insider Buying and Selling at ARM

In other ARM 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 transaction of $1,284,627.96. Following the sale, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Child sold 21,280 shares of the business’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 transaction, the chief financial officer directly owned 174,706 shares of the company’s stock, valued at approximately $25,921,129.22. This represents a 10.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,133 shares of company stock worth $8,288,586 in the last 90 days.

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.