Banque Transatlantique SA Sells 19,711 Shares of ARM Holdings PLC Sponsored ADR $ARM

Banque Transatlantique SA cut its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,038 shares of the company’s stock after selling 19,711 shares during the quarter. Banque Transatlantique SA’s holdings in ARM were worth $22,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. FWL Investment Management LLC purchased a new position in shares of ARM during the 2nd quarter valued at $34,000. Mcguire Capital Advisors Inc. bought a new position in shares of ARM in the fourth quarter worth $30,000. Strategic Investment Solutions Inc. IL raised 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. WFA of San Diego LLC purchased a new stake in shares of ARM in the second quarter worth $49,000. Finally, Navalign LLC bought a new stake in ARM during the fourth quarter valued at $33,000. 7.53% of the stock is owned by institutional investors.

Insider Activity at ARM

In other ARM news, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total value of $7,231,156.80. Following the completion of the sale, the chief financial officer owned 174,232 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rene A. Haas sold 23,867 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $161.17, for a total transaction of $3,846,644.39. Following the transaction, the chief executive officer owned 290,965 shares in the company, valued at $46,894,829.05. The trade was a 7.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 301,338 shares of company stock worth $66,030,158 in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on ARM. HSBC upgraded ARM from a “reduce” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $205.00 in a research report on Friday, March 20th. Sanford C. Bernstein set a $500.00 price target on ARM in a report on Wednesday. Jefferies Financial Group set a $290.00 price target on ARM in a research report on Thursday, May 21st. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of ARM in a report on Tuesday. Finally, Raymond James Financial restated an “outperform” rating on shares of ARM in a research report on Thursday, May 7th. Nineteen investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.38.

ARM Stock Up 4.9%

NASDAQ ARM opened at $439.46 on Friday. The stock’s 50-day simple moving average is $265.35 and its two-hundred day simple moving average is $173.35. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70. The company has a market capitalization of $469.38 billion, a price-to-earnings ratio of 523.17, a PEG ratio of 15.21 and a beta of 3.78.

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

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.