ARM Holdings PLC Sponsored ADR $ARM Shares Acquired by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC boosted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,069 shares of the company’s stock after buying an additional 498 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in ARM were worth $2,761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in ARM by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock valued at $702,129,000 after buying an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP acquired a new position in shares of ARM in the 1st quarter valued at about $170,287,000. Robeco Institutional Asset Management B.V. grew its position in shares of ARM by 3,853.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company’s stock valued at $84,180,000 after buying an additional 507,300 shares during the last quarter. American Century Companies Inc. raised its stake in ARM by 112.3% during the first quarter. American Century Companies Inc. now owns 703,365 shares of the company’s stock worth $75,112,000 after acquiring an additional 372,081 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in ARM during the first quarter worth about $19,565,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Up 2.3%

Shares of ARM stock opened at $156.22 on Tuesday. The company has a market capitalization of $165.05 billion, a P/E ratio of 236.70, a P/E/G ratio of 9.28 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The firm has a 50-day moving average price of $142.86 and a 200 day moving average price of $134.11.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.ARM’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ARM. Morgan Stanley raised their price target on ARM from $150.00 to $194.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Seaport Res Ptn upgraded shares of ARM to a “strong-buy” rating in a research report on Monday, August 11th. UBS Group cut their price target on ARM from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, July 31st. Finally, TD Cowen boosted their price objective on ARM from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.52.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.