7,400 Shares in ARM Holdings PLC Sponsored ADR $ARM Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,400 shares of the company’s stock, valued at approximately $1,119,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Morgan Stanley boosted its stake in shares of ARM by 1.2% during the fourth quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock valued at $413,521,000 after purchasing an additional 45,314 shares during the period. Invesco Ltd. boosted its position in 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 buying an additional 654,727 shares during the period. Coatue Management LLC boosted its position in ARM by 1.8% in the 4th quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock valued at $251,413,000 after buying an additional 40,174 shares during the period. Wellington Management Group LLP grew its stake in ARM by 41.6% in the 4th 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 in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of ARM by 11.0% during 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. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ARM shares. Raymond James Financial reiterated an “outperform” rating on shares of ARM in a report on Thursday, May 7th. KeyCorp lifted their target price on ARM from $300.00 to $430.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Barclays upped their target price on ARM from $250.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. HSBC lowered ARM from a “buy” rating to a “hold” rating and raised their price target for the company from $255.00 to $315.00 in a research note on Tuesday, July 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of ARM in a report on Tuesday, June 16th. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average price target of $297.65.

ARM Stock Performance

NASDAQ ARM opened at $266.33 on Tuesday. The company has a market cap of $284.46 billion, a PE ratio of 317.06, a P/E/G ratio of 8.08 and a beta of 3.76. The firm’s 50 day moving average price is $331.29 and its 200-day moving average price is $210.09. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70.

ARM (NASDAQ:ARM) last issued 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%. On average, analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Spencer Collins sold 51,961 shares of the business’s stock in a transaction on Monday, May 11th. The stock was 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 directly owned 51,125 shares of the company’s stock, valued at approximately $10,824,696.25. The trade was a 50.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the completion of the transaction, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at approximately $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 216,049 shares of company stock worth $52,101,605.

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.