Caitong International Asset Management Co. Ltd Increases Stock Position in ARM Holdings PLC Sponsored ADR $ARM

Caitong International Asset Management Co. Ltd grew its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 908,800.0% during the fourth quarter, HoldingsChannel reports. The firm owned 9,089 shares of the company’s stock after purchasing an additional 9,088 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in ARM were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors purchased a new stake in shares of ARM during the third quarter worth about $243,098,000. Northwestern Mutual Wealth Management Co. increased its position in ARM by 2,623.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock worth $182,743,000 after purchasing an additional 1,610,403 shares in the last quarter. Hyperion Asset Management Ltd purchased a new position in shares of ARM in the 3rd quarter valued at $202,980,000. Invesco Ltd. grew its stake in shares of ARM by 36.9% in the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after buying an additional 654,727 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of ARM by 41.6% in the fourth quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock valued at $234,925,000 after purchasing an additional 631,576 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Insider Buying and Selling at ARM

In related news, CFO Jason Child sold 31,920 shares of ARM stock in a transaction dated 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 sale, the chief financial officer owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. The trade was a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Spencer Collins sold 51,961 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction 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 SEC filing for this sale provides additional information. Insiders sold 301,338 shares of company stock valued at $66,030,158 in the last 90 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Raymond James Financial restated an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Bank of America lifted their price target on ARM from $245.00 to $335.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a report on Thursday, May 7th. Finally, The Goldman Sachs Group raised their price target on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Nineteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $253.38.

ARM Stock Performance

Shares of ARM stock opened at $439.46 on Friday. The stock has a market cap of $469.38 billion, a price-to-earnings ratio of 523.17, a P/E/G ratio of 15.96 and a beta of 3.78. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70. The firm has a fifty day moving average of $271.16 and a 200-day moving average of $175.21.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. The company 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%. On average, sell-side analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

ARM 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.