DekaBank Deutsche Girozentrale Takes $1.79 Million Position in ARM Holdings PLC Sponsored ADR $ARM

DekaBank Deutsche Girozentrale bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 12,092 shares of the company’s stock, valued at approximately $1,788,000.

A number of other institutional investors have also recently added to or reduced their stakes in ARM. Morgan Stanley increased its holdings in ARM by 1.2% in the 4th quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock worth $413,521,000 after acquiring an additional 45,314 shares in the last quarter. Invesco Ltd. lifted its holdings in ARM by 36.9% during the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after purchasing an additional 654,727 shares in the last quarter. Coatue Management LLC grew its position in shares of ARM by 1.8% in the fourth quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock valued at $251,413,000 after purchasing an additional 40,174 shares during the period. Wellington Management Group LLP grew its position 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. Finally, Schroder Investment Management Group increased its stake in shares of ARM by 11.0% during the fourth quarter. Schroder Investment Management Group now owns 1,891,310 shares of the company’s stock worth $206,739,000 after purchasing an additional 187,035 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sanford C. Bernstein set a $500.00 price target on shares of ARM in a research report on Wednesday, June 17th. TD Cowen lifted their price objective on ARM from $265.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Morgan Stanley reiterated an “equal weight” rating and set a $150.00 price objective (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Guggenheim increased their target price on ARM from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, KeyCorp raised their target price on ARM from $300.00 to $430.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus target price of $298.96.

ARM Price Performance

ARM stock opened at $267.19 on Monday. The company has a fifty day simple moving average of $324.14 and a 200-day simple moving average of $203.22. The firm has a market capitalization of $285.38 billion, a price-to-earnings ratio of 318.08, a PEG ratio of 9.70 and a beta of 3.76. 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 posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. The firm 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%. On average, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at ARM

In other ARM news, CFO Jason Child sold 31,920 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total value of $7,231,156.80. Following the transaction, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at $39,470,517.28. This trade represents a 15.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Abbey sold 6,566 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $402.72, for a total value of $2,644,259.52. Following the transaction, the insider owned 20,563 shares in the company, valued at approximately $8,281,131.36. This represents a 24.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 238,906 shares of company stock worth $56,245,828 in the last quarter.

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.