Castle Rock Wealth Management LLC Invests $3.12 Million in ARM Holdings PLC Sponsored ADR $ARM

Castle Rock Wealth Management LLC bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,244 shares of the company’s stock, valued at approximately $3,120,000.

A number of other large investors have also recently bought and sold shares of the company. Amundi increased its holdings in ARM by 24.8% in the 1st quarter. Amundi now owns 11,804 shares of the company’s stock worth $1,153,000 after buying an additional 2,345 shares during the period. Empowered Funds LLC lifted its stake in ARM by 28.8% during the 1st quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock valued at $522,000 after acquiring an additional 1,094 shares during the period. Schnieders Capital Management LLC. lifted its stake in ARM by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock valued at $393,000 after acquiring an additional 200 shares during the period. Bank of Nova Scotia purchased a new stake in shares of ARM in the 2nd quarter valued at $556,000. Finally, State Street Corp boosted its holdings in shares of ARM by 14.7% in the 2nd quarter. State Street Corp now owns 441,445 shares of the company’s stock valued at $71,399,000 after acquiring an additional 56,656 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARM. New Street Research upgraded shares of ARM from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a research note on Thursday, July 30th. HSBC downgraded shares of ARM from a “buy” rating to a “hold” rating and boosted their target price for the company from $255.00 to $315.00 in a research report on Tuesday, July 14th. Susquehanna increased their price target on ARM from $300.00 to $320.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Sanford C. Bernstein set a $500.00 price objective on ARM in a research note on Wednesday, June 17th. Finally, Rosenblatt Securities reduced their price objective on ARM from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average target price of $285.33.

Insider Transactions at ARM

In related news, insider William Abbey sold 6,566 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $402.72, for a total value of $2,644,259.52. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total value of $4,439,866.20. Following the completion of the transaction, the chief accounting officer owned 12,135 shares in the company, valued at $4,765,414.50. The trade was a 48.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 216,049 shares of company stock valued at $52,101,605 over the last ninety days.

ARM Trading Up 4.4%

ARM stock opened at $286.68 on Friday. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $452.70. The business’s 50-day moving average is $324.94 and its 200 day moving average is $218.25. The stock has a market cap of $306.20 billion, a price-to-earnings ratio of 295.55, a PEG ratio of 8.14 and a beta of 3.90.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, July 29th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%.The business’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. ARM has set its Q2 2027 guidance at 0.430-0.510 EPS. As a group, equities analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.15 EPS for the current fiscal year.

ARM Company 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.