Healthcare of Ontario Pension Plan Trust Fund Increases Holdings in ARM Holdings PLC Sponsored ADR $ARM

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,369 shares of the company’s stock after acquiring an additional 3,108 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ARM were worth $34,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ARM. Navalign LLC purchased a new position in shares of ARM in the fourth quarter valued at about $33,000. FWL Investment Management LLC purchased a new stake in shares of ARM in the second quarter worth about $34,000. Strategic Investment Solutions Inc. IL lifted its position 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 worth $40,000 after buying an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of ARM in the fourth quarter worth about $43,000. Finally, WFA of San Diego LLC purchased a new stake in shares of ARM in the second quarter worth about $49,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Rene A. Haas sold 23,867 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total transaction of $3,846,644.39. Following the completion of the sale, the chief executive officer owned 290,965 shares in the company, valued at approximately $46,894,829.05. This represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Spencer Collins sold 51,961 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $211.73, for a total value of $11,001,702.53. Following the sale, the insider owned 51,125 shares of the company’s stock, valued at approximately $10,824,696.25. This represents a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 301,338 shares of company stock valued at $66,030,158 over the last 90 days.

ARM Price Performance

Shares of NASDAQ ARM opened at $412.55 on Tuesday. The business’s 50 day moving average is $249.09 and its two-hundred day moving average is $167.34. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $427.99. The stock has a market capitalization of $440.64 billion, a P/E ratio of 491.13, a PEG ratio of 13.83 and a beta of 3.77.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, April 1st. The company reported $0.60 EPS 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%. As a group, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARM. Mizuho boosted their target price on ARM from $425.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. The Goldman Sachs Group boosted their target price on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. Guggenheim boosted their price objective on ARM from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, TD Cowen boosted their price objective on ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $239.00.

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.