D.A. Davidson & CO. Acquires 11,355 Shares of ARM Holdings PLC Sponsored ADR $ARM

D.A. Davidson & CO. grew its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 527.9% during the first quarter, Holdings Channel.com reports. The firm owned 13,506 shares of the company’s stock after acquiring an additional 11,355 shares during the period. D.A. Davidson & CO.’s holdings in ARM were worth $2,043,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Syntax Research Inc. acquired a new stake in shares of ARM in the first quarter valued at $30,000. FWL Investment Management LLC acquired a new position in ARM during the 2nd quarter worth about $34,000. Mcguire Capital Advisors Inc. acquired a new position in ARM during the 4th quarter worth about $30,000. Navalign LLC bought a new stake in ARM during the 4th quarter worth about $33,000. Finally, WFA of San Diego LLC bought a new stake in ARM during the 2nd quarter worth about $49,000. Institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

ARM has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a research note on Thursday, May 7th. UBS Group lowered their price target on shares of ARM from $470.00 to $360.00 and set a “buy” rating for the company in a report on Monday. Guggenheim boosted their price objective on shares of ARM from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial restated an “outperform” rating on shares of ARM in a research report on Thursday, May 7th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $295.48.

ARM Trading Up 0.9%

Shares of NASDAQ:ARM opened at $269.61 on Tuesday. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The stock has a market capitalization of $287.97 billion, a P/E ratio of 320.96, a P/E/G ratio of 9.70 and a beta of 3.76. The business has a 50-day moving average price of $325.28 and a two-hundred day moving average price of $204.34.

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

Insider Transactions at ARM

In other news, CAO Laura Kathleen Bartels sold 11,306 shares of ARM stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the transaction, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at $4,765,414.50. This trade represents a 48.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Spencer Collins sold 51,961 shares of ARM stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the transaction, the insider owned 51,125 shares in the company, valued at approximately $10,824,696.25. This represents a 50.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 238,906 shares of company stock valued at $56,245,828.

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.