Lido Advisors LLC Grows Stock Holdings in ARM Holdings PLC Sponsored ADR $ARM

Lido Advisors LLC grew its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 23.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,759 shares of the company’s stock after buying an additional 3,012 shares during the quarter. Lido Advisors LLC’s holdings in ARM were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ARM. Mizuho Markets Cayman LP grew its position in ARM by 98.3% in the 1st quarter. Mizuho Markets Cayman LP now owns 31,654 shares of the company’s stock valued at $4,789,000 after acquiring an additional 15,688 shares in the last quarter. Signature Equity Partners LLC lifted its position in shares of ARM by 181.7% during the first quarter. Signature Equity Partners LLC now owns 1,034 shares of the company’s stock worth $156,000 after purchasing an additional 667 shares in the last quarter. CacheTech Inc. boosted its stake in shares of ARM by 9.1% in the first quarter. CacheTech Inc. now owns 28,011 shares of the company’s stock valued at $4,238,000 after purchasing an additional 2,346 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in shares of ARM in the first quarter valued at approximately $312,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of ARM in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

ARM has been the topic of a number of research reports. Guggenheim increased their target price on shares of ARM from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Susquehanna upped their price objective on ARM from $300.00 to $320.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Finally, KeyCorp boosted their target price on ARM from $300.00 to $430.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $297.65.

Insider Activity

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total value of $7,231,156.80. Following the sale, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. This represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 216,049 shares of company stock valued at $52,101,605.

ARM Price Performance

NASDAQ:ARM opened at $260.01 on Monday. The company has a market capitalization of $277.71 billion, a PE ratio of 309.54, a P/E/G ratio of 8.08 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70. The stock’s 50 day moving average price is $330.27 and its 200 day moving average price is $209.03.

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