ARM Holdings PLC Sponsored ADR $ARM Shares Bought by Swedbank AB

Swedbank AB raised its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,000 shares of the company’s stock after purchasing an additional 57,000 shares during the period. Swedbank AB’s holdings in ARM were worth $63,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Syntax Research Inc. purchased a new stake in shares of ARM during the 1st quarter worth $30,000. FWL Investment Management LLC acquired a new stake in ARM in the second quarter valued at $34,000. Mcguire Capital Advisors Inc. acquired a new stake in ARM in the fourth quarter valued at $30,000. Strategic Investment Solutions Inc. IL lifted its holdings in 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 buying an additional 200 shares during the last quarter. Finally, Navalign LLC acquired a new position in shares of ARM during the 4th quarter worth about $33,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARM has been the topic of several research analyst reports. TD Cowen raised their target price on ARM from $265.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Raymond James Financial reaffirmed an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Bank of America increased their price target on shares of ARM from $335.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company upped their target price on shares of ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research note on Monday, April 20th. Nineteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $279.83.

ARM Trading Down 6.8%

ARM stock opened at $300.43 on Wednesday. The stock has a 50 day moving average of $311.37 and a two-hundred day moving average of $193.07. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70. The stock has a market capitalization of $320.88 billion, a price-to-earnings ratio of 357.65, a PEG ratio of 11.70 and a beta of 3.76.

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

Insider Activity at ARM

In other news, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the transaction, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at $4,765,414.50. This represents a 48.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charlotte Claire Eaton sold 4,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $282.77, for a total transaction of $1,131,080.00. Following the completion of the transaction, the insider owned 7,805 shares of the company’s stock, valued at $2,207,019.85. This represents a 33.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 248,205 shares of company stock valued at $57,741,572 over 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.