Baader Bank Aktiengesellschaft Invests $312,000 in ARM Holdings PLC Sponsored ADR $ARM

Baader Bank Aktiengesellschaft acquired a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) in the first quarter, Holdings Channel reports. The institutional investor acquired 2,061 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ARM. CreativeOne Wealth LLC lifted its stake in ARM by 5.0% in the fourth quarter. CreativeOne Wealth LLC now owns 1,830 shares of the company’s stock worth $200,000 after purchasing an additional 87 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of ARM by 6.2% during the first quarter. AdvisorNet Financial Inc now owns 1,681 shares of the company’s stock valued at $254,000 after buying an additional 98 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of ARM by 5.3% in the third quarter. Moors & Cabot Inc. now owns 2,050 shares of the company’s stock worth $290,000 after buying an additional 103 shares during the period. Heritage Trust Co increased its holdings in shares of ARM by 5.5% in the fourth quarter. Heritage Trust Co now owns 2,045 shares of the company’s stock worth $224,000 after buying an additional 107 shares during the period. Finally, TrueMark Investments LLC boosted its holdings in ARM by 1.4% during the 1st quarter. TrueMark Investments LLC now owns 7,592 shares of the company’s stock valued at $1,149,000 after acquiring an additional 107 shares during the period. Institutional investors own 7.53% of the company’s stock.

Key Headlines Impacting ARM

Here are the key news stories impacting ARM this week:

Insider Activity

In other news, insider William Abbey sold 10,887 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total transaction of $2,440,212.18. Following the completion of the transaction, the insider directly owned 43,353 shares in the company, valued at $9,717,141.42. This trade represents a 20.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 216,049 shares of company stock valued at $52,101,605.

ARM Trading Down 2.2%

ARM opened at $283.40 on Thursday. The company has a market cap of $302.69 billion, a price-to-earnings ratio of 337.38, a price-to-earnings-growth ratio of 9.05 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $452.70. The stock has a fifty day simple moving average of $328.16 and a two-hundred day simple moving average of $206.83.

ARM (NASDAQ:ARMGet Free Report) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The company had revenue of $1.49 billion during the quarter. On average, analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ARM shares. Rosenblatt Securities lifted their price target on ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. TD Cowen increased their price objective on ARM from $265.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Mizuho raised their target price on shares of ARM from $425.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Sanford C. Bernstein set a $500.00 target price on shares of ARM in a research note on Wednesday, June 17th. Finally, Susquehanna upped their price target on shares of ARM from $300.00 to $320.00 and gave the company a “positive” rating in a report on Tuesday. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $297.65.

Check Out Our Latest Stock Report on ARM

ARM Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report).

Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.