Arm Holdings PLC Sponsored ADR $ARM Stock Position Decreased by Robeco Schweiz AG

Robeco Schweiz AG cut its holdings in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 6.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 777,229 shares of the company’s stock after selling 50,137 shares during the quarter. ARM makes up about 4.1% of Robeco Schweiz AG’s holdings, making the stock its largest holding. Robeco Schweiz AG’s holdings in ARM were worth $225,132,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ARM. Signaturefd LLC lifted its stake in ARM by 83.5% in the third quarter. Signaturefd LLC now owns 1,090 shares of the company’s stock valued at $316,000 after buying an additional 496 shares in the last quarter. Ascent Wealth Partners LLC boosted its holdings in shares of ARM by 3.8% in the third quarter. Ascent Wealth Partners LLC now owns 13,866 shares of the company’s stock valued at $4,016,000 after buying an additional 509 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of ARM by 32.7% in the third quarter. Sterling Capital Management LLC now owns 406 shares of the company’s stock valued at $118,000 after buying an additional 100 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of ARM by 19.9% during the third quarter. SeaCrest Wealth Management LLC now owns 855 shares of the company’s stock worth $248,000 after acquiring an additional 142 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of ARM during the third quarter worth $2,468,000. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of ARM stock opened at $210.33 on Friday. Arm Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70. The business’s 50 day simple moving average is $261.86 and its 200 day simple moving average is $271.80. The firm has a market cap of $224.65 billion, a PE ratio of 216.84, a P/E/G ratio of 6.24 and a beta of 3.78.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. As a group, equities research analysts predict that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Jason Child sold 10,400 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $300.00, for a total value of $3,120,000.00. Following the completion of the transaction, the chief financial officer owned 153,442 shares of the company’s stock, valued at approximately $46,032,600. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

ARM has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of ARM from $350.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $166.00 target price on shares of ARM in a research note on Tuesday, August 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $255.00 target price on shares of ARM in a research note on Thursday, July 30th. Guggenheim reiterated a “buy” rating and set a $255.00 target price on shares of ARM in a report on Thursday, July 30th. Finally, UBS Group lowered their target price on ARM from $360.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $303.32.

About ARM

Arm Holdings plc (NASDAQ: ARM) is a semiconductor and software design company that develops central processing unit (CPU) architectures and related intellectual property. Rather than manufacturing chips itself, Arm licenses its designs and instruction-set architectures to semiconductor companies and technology manufacturers, which incorporate them into their own products.

The company’s offerings include CPU processor cores, graphics processing units through its Mali product family, system IP, development tools and software.