Capstone Capital Management Ltd Makes New $1.25 Million Investment in Arm Holdings PLC Sponsored ADR $ARM

Capstone Capital Management Ltd purchased a new stake in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,324 shares of the company’s stock, valued at approximately $1,252,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Syntax Research Inc. acquired a new stake in ARM in the 1st quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in shares of ARM in the first quarter valued at approximately $30,000. Allied Private Wealth LLC acquired a new stake in shares of ARM in the second quarter valued at approximately $71,000. CX Institutional acquired a new stake in shares of ARM in the third quarter valued at approximately $58,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in ARM in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark assumed coverage on ARM in a research note on Thursday, July 16th. They issued a “hold” rating for the company. Guggenheim restated a “buy” rating and set a $255.00 target price on shares of ARM in a research report on Thursday, July 30th. Piper Sandler began coverage on ARM in a research note on Wednesday, September 9th. They set an “overweight” rating and a $320.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $255.00 price target on shares of ARM in a research note on Thursday, July 30th. Finally, UBS Group decreased their price target on ARM from $360.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $303.32.

ARM Stock Down 3.1%

NASDAQ ARM opened at $221.06 on Wednesday. Arm Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $452.70. The company has a market capitalization of $236.11 billion, a PE ratio of 247.88, a price-to-earnings-growth ratio of 6.76 and a beta of 3.78. The firm’s 50 day moving average is $265.51 and its 200-day moving average is $271.26.

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

Insider Transactions at ARM

In other news, CFO Jason Child sold 10,400 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $300.00, for a total value of $3,120,000.00. Following the completion of the sale, the chief financial officer directly owned 153,442 shares of the company’s stock, valued at $46,032,600. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Profile

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.