ARM Holdings PLC Sponsored ADR $ARM Shares Purchased by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd increased its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 28.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,836,185 shares of the company’s stock after acquiring an additional 401,594 shares during the period. ARM accounts for 5.6% of Hyperion Asset Management Ltd’s holdings, making the stock its 7th biggest position. Hyperion Asset Management Ltd’s holdings in ARM were worth $200,713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FWL Investment Management LLC purchased a new position in ARM during the second quarter worth $34,000. Strategic Investment Solutions Inc. IL increased its position in ARM by 238.1% during the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock worth $40,000 after buying an additional 200 shares in the last quarter. Navalign LLC purchased a new position in ARM during the fourth quarter worth $33,000. WFA of San Diego LLC purchased a new position in ARM during the second quarter worth $49,000. Finally, Motiv8 Investments LLC purchased a new position in ARM during the fourth quarter worth $38,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Laura Kathleen Bartels sold 11,306 shares of ARM 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 sale, the chief accounting officer owned 12,135 shares of the company’s stock, valued at $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Abbey sold 6,566 shares of ARM stock in a transaction on Monday, June 1st. The shares were sold at an average price of $402.72, for a total value of $2,644,259.52. Following the completion of the sale, the insider directly owned 20,563 shares of the company’s stock, valued at approximately $8,281,131.36. This represents a 24.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 301,338 shares of company stock worth $66,030,158 in the last three months.

ARM Stock Up 5.7%

Shares of NASDAQ:ARM opened at $418.88 on Thursday. The company has a market cap of $447.40 billion, a P/E ratio of 498.67, a P/E/G ratio of 14.39 and a beta of 3.78. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $444.80. The business has a fifty day simple moving average of $259.44 and a 200-day simple moving average of $171.21.

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

Analyst Ratings Changes

Several equities analysts have weighed in on ARM shares. Wells Fargo & Company raised their price target on ARM from $255.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. TD Cowen raised their price target on ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays raised their price target on ARM from $250.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. HSBC raised ARM from a “reduce” rating to a “buy” rating and raised their price target for the stock from $90.00 to $205.00 in a research report on Friday, March 20th. Finally, Susquehanna raised their price target on ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Thursday, April 16th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $253.38.

ARM 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.