Fund Advisors of America Inc FL Takes $663,000 Position in ARM Holdings PLC Sponsored ADR $ARM

Fund Advisors of America Inc FL bought a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,068 shares of the company’s stock, valued at approximately $663,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. bought a new stake in ARM during the 4th quarter valued at about $30,000. Navalign LLC purchased a new position in ARM in the fourth quarter worth about $33,000. FWL Investment Management LLC bought a new position in shares of ARM in the second quarter worth approximately $34,000. Motiv8 Investments LLC purchased a new stake in shares of ARM during the fourth quarter valued at approximately $38,000. Finally, Strategic Investment Solutions Inc. IL grew its holdings in shares of ARM by 238.1% during the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

NASDAQ:ARM opened at $439.46 on Friday. The business’s 50-day simple moving average is $271.16 and its two-hundred day simple moving average is $175.21. The stock has a market cap of $469.38 billion, a PE 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.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. The business 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%. Sell-side 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 equities analysts recently weighed in on ARM shares. The Goldman Sachs Group boosted their price objective on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a report on Thursday, May 7th. Mizuho lifted their target price on ARM from $425.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Morgan Stanley restated an “equal weight” rating and issued a $150.00 price target (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Sanford C. Bernstein set a $500.00 price target on ARM in a report on Wednesday. Finally, Barclays increased their price objective on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Nineteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.38.

Insider Activity

In other news, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total value of $4,439,866.20. Following the completion of the sale, the chief accounting officer owned 12,135 shares of the company’s stock, valued at approximately $4,765,414.50. This represents a 48.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Child sold 31,920 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 301,338 shares of company stock worth $66,030,158.

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.