ARM Holdings PLC Sponsored ADR $ARM Shares Sold by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC decreased its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 16.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,523 shares of the company’s stock after selling 502 shares during the quarter. Fortis Capital Advisors LLC’s holdings in ARM were worth $269,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ARM. Goldman Sachs Group Inc. boosted its position in shares of ARM by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock worth $702,129,000 after purchasing an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP acquired a new stake in shares of ARM in the 1st quarter worth $170,287,000. American Century Companies Inc. boosted its position in shares of ARM by 112.3% in the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company’s stock worth $75,112,000 after purchasing an additional 372,081 shares in the last quarter. Woodline Partners LP boosted its position in shares of ARM by 9,501.0% in the 4th quarter. Woodline Partners LP now owns 213,238 shares of the company’s stock worth $26,305,000 after purchasing an additional 211,017 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of ARM in the 1st quarter worth $19,565,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, July 31st. BNP Paribas Exane raised ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price target for the company in a research report on Wednesday, July 16th. Guggenheim lifted their price target on ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. UBS Group lowered their price target on ARM from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group assumed coverage on ARM in a research report on Thursday, July 10th. They set a “neutral” rating and a $160.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.67.

ARM Stock Performance

NASDAQ ARM opened at $154.14 on Thursday. The stock has a 50-day simple moving average of $145.12 and a two-hundred day simple moving average of $130.88. The firm has a market capitalization of $162.85 billion, a P/E ratio of 233.55, a PEG ratio of 9.41 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion during 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%.The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. As a group, analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

ARM 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.