Diversified Trust Co Acquires Shares of 1,528 ARM Holdings PLC Sponsored ADR $ARM

Diversified Trust Co purchased a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,528 shares of the company’s stock, valued at approximately $231,000.

Several other large investors also recently added to or reduced their stakes in the stock. Capital Research Global Investors purchased a new position in shares of ARM in the 3rd quarter worth approximately $243,098,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $182,743,000 after buying an additional 1,610,403 shares during the period. Hyperion Asset Management Ltd bought a new stake in ARM in the third quarter worth $202,980,000. Employees Provident Fund Board bought a new stake in ARM in the fourth quarter worth $120,241,000. Finally, Invesco Ltd. boosted its stake in ARM by 36.9% during the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock worth $265,279,000 after buying an additional 654,727 shares during the period. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

ARM stock opened at $334.27 on Friday. The stock has a market cap of $357.03 billion, a price-to-earnings ratio of 397.94, a price-to-earnings-growth ratio of 12.14 and a beta of 3.78. The firm has a 50-day moving average of $291.90 and a two-hundred day moving average of $183.05. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $452.70.

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

Insider Activity at ARM

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of ARM stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the completion of the sale, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at $4,765,414.50. The trade was a 48.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard Roy Grisenthwaite sold 24,339 shares of ARM stock in a transaction on Monday, May 18th. The shares were sold at an average price of $209.15, for a total value of $5,090,501.85. Following the sale, the insider directly owned 5,543 shares of the company’s stock, valued at approximately $1,159,318.45. This trade represents a 81.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 248,205 shares of company stock worth $57,741,572 over the last three months.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ARM shares. Wells Fargo & Company increased their target price on shares of ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Jefferies Financial Group set a $290.00 price target on shares of ARM in a report on Thursday, May 21st. Royal Bank Of Canada increased their price objective on shares of ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. UBS Group raised their price objective on shares of ARM from $260.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Susquehanna boosted their target price on ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research report on Thursday, April 16th. Nineteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $279.83.

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.