Capital Market Strategies LLC Has $1.05 Million Stock Holdings in ARM Holdings PLC Sponsored ADR $ARM

Capital Market Strategies LLC lessened its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,518 shares of the company’s stock after selling 1,313 shares during the quarter. ARM accounts for about 0.7% of Capital Market Strategies LLC’s holdings, making the stock its 29th biggest position. Capital Market Strategies LLC’s holdings in ARM were worth $1,054,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. TFC Financial Management Inc. increased its stake in ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 165 shares during the period. Brooklyn Investment Group acquired a new position in shares of ARM during the 1st quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of ARM during the 1st quarter worth $34,000. MorganRosel Wealth Management LLC acquired a new position in shares of ARM during the 1st quarter worth $53,000. Finally, Pandora Wealth Inc. acquired a new position in shares of ARM during the 1st quarter worth $53,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 2.6%

NASDAQ ARM opened at $150.64 on Friday. The company has a fifty day simple moving average of $145.03 and a 200 day simple moving average of $131.07. The company has a market cap of $159.15 billion, a P/E ratio of 228.24, a P/E/G ratio of 10.34 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. ARM’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS. Equities research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ARM. Morgan Stanley increased their price target on shares of ARM from $150.00 to $194.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. KeyCorp restated an “overweight” rating and set a $190.00 price target (up previously from $175.00) on shares of ARM in a research note on Thursday, July 31st. Guggenheim increased their price target on shares of ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Seaport Res Ptn upgraded shares of ARM to a “strong-buy” rating in a research note on Monday, August 11th. Finally, BNP Paribas upgraded shares of ARM from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $110.00 to $210.00 in a research note on Wednesday, July 16th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average target price of $168.52.

About ARM

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.