CIBC Asset Management Inc Increases Holdings in ARM Holdings PLC Sponsored ADR $ARM

CIBC Asset Management Inc grew its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 13.3% in the 4th quarter, HoldingsChannel reports. The firm owned 25,220 shares of the company’s stock after acquiring an additional 2,965 shares during the quarter. CIBC Asset Management Inc’s holdings in ARM were worth $2,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Heritage Trust Co increased its position in shares of ARM by 5.5% during the 4th quarter. Heritage Trust Co now owns 2,045 shares of the company’s stock valued at $224,000 after purchasing an additional 107 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of ARM during the 4th quarter valued at $362,000. Root Financial Partners LLC increased its position in shares of ARM by 2,678.9% during the 4th quarter. Root Financial Partners LLC now owns 1,056 shares of the company’s stock valued at $115,000 after purchasing an additional 1,018 shares during the last quarter. BNP Paribas increased its position in shares of ARM by 36.3% during the 4th quarter. BNP Paribas now owns 13,425 shares of the company’s stock valued at $1,468,000 after purchasing an additional 3,573 shares during the last quarter. Finally, COFG Advisors LLC purchased a new stake in shares of ARM during the 4th quarter valued at $1,034,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ARM shares. HSBC raised ARM from a “reduce” rating to a “buy” rating and raised their target price for the company from $90.00 to $205.00 in a research report on Friday, March 20th. TD Cowen raised their target price on ARM from $165.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a report on Thursday, May 7th. The Goldman Sachs Group lifted their price objective on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a report on Thursday, May 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective (up from $135.00) on shares of ARM in a report on Tuesday, April 7th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.92.

ARM Price Performance

Shares of NASDAQ ARM opened at $342.93 on Monday. The company has a market cap of $366.28 billion, a P/E ratio of 408.25, a P/E/G ratio of 12.45 and a beta of 3.77. The business has a 50-day simple moving average of $224.64 and a two-hundred day simple moving average of $158.11. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $427.99.

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

Key Headlines Impacting ARM

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm is gaining credibility as a key AI infrastructure player after management said customers including ByteDance and Oracle are using Arm-based CPUs in data centers, supporting the case for stronger licensing and royalty growth. Arm names ByteDance and Oracle as users of its AI data centre CPUs
• Positive Sentiment: Arm is also benefiting from NVIDIA’s latest AI PC and data-center push, which reinforces demand for Arm’s architecture and could boost future adoption across the semiconductor ecosystem. Arm Stock Jumps As Chip Designer Joins Nvidia PC Effort
• Neutral Sentiment: Recent insider sales by executives, including William Abbey and CAO Laura Kathleen Bartels, may attract attention, but they do not appear large enough on their own to change the company’s fundamentals. SEC insider filing SEC insider filing
• Neutral Sentiment: Broader market commentary notes that the AI trade may be cooling after a strong run, which could keep pressure on high-valuation chip names like Arm even if the growth story remains strong. Markets Rally, But Tech Stocks Get Left Behind as the AI Trade Falters
• Negative Sentiment: Arm’s valuation is being called stretched after a massive rally, and chip-sector weakness following Broadcom’s disappointing results is adding to the risk of a pullback. 2 Chip Stocks Extending Slide After Broadcom Earnings Bust

Insiders Place Their Bets

In other news, insider William Abbey sold 6,566 shares of ARM stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $402.72, for a total transaction of $2,644,259.52. Following the completion of the sale, the insider owned 20,563 shares in the company, valued at approximately $8,281,131.36. This trade represents a 24.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason Child sold 31,920 shares of ARM stock in a transaction dated 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 owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. This trade represents a 15.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 301,338 shares of company stock worth $66,030,158.

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.