Wealth Effects LLC Takes Position in ARM Holdings PLC Sponsored ADR $ARM

Wealth Effects LLC acquired a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,725 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new stake in ARM during the 4th quarter valued at approximately $30,000. Navalign LLC acquired a new stake in ARM during the 4th quarter worth approximately $33,000. FWL Investment Management LLC purchased a new position in shares of ARM in the 2nd quarter valued at approximately $34,000. Motiv8 Investments LLC purchased a new position in shares of ARM in the 4th quarter valued at approximately $38,000. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of ARM by 238.1% in the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

ARM opened at $334.27 on Friday. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $452.70. The stock has a market capitalization of $357.03 billion, a P/E ratio of 397.94, a P/E/G ratio of 12.63 and a beta of 3.78. The business has a 50 day simple moving average of $291.90 and a 200-day simple moving average of $183.05.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. The firm had revenue of $1.49 billion for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. Research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ARM. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of ARM in a research report on Tuesday, June 16th. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Monday, April 20th. Bank of America upped their price objective on shares of ARM from $335.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, The Goldman Sachs Group raised their target price on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $279.83.

Insiders Place Their Bets

In other ARM news, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the transaction, the chief financial officer directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Roy Grisenthwaite sold 24,339 shares of ARM stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $209.15, for a total transaction of $5,090,501.85. Following the sale, the insider owned 5,543 shares of the company’s stock, valued at approximately $1,159,318.45. The trade was a 81.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 248,205 shares of company stock worth $57,741,572.

About ARM

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.