ARM Holdings PLC Sponsored ADR $ARM Shares Bought by Capital International Inc. CA

Capital International Inc. CA grew its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 33.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,041 shares of the company’s stock after purchasing an additional 5,719 shares during the period. Capital International Inc. CA’s holdings in ARM were worth $2,519,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Navalign LLC acquired a new position in ARM during the fourth quarter worth $33,000. FWL Investment Management LLC acquired a new position in ARM during the second quarter worth $34,000. Strategic Investment Solutions Inc. IL lifted its stake in ARM by 238.1% during the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock worth $40,000 after purchasing an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in ARM during the fourth quarter worth $43,000. Finally, WFA of San Diego LLC acquired a new position in ARM during the second quarter worth $49,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARM has been the topic of a number of research reports. Morgan Stanley restated an “equal weight” rating and set a $150.00 price target (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Sanford C. Bernstein assumed coverage on ARM in a research note on Monday, May 18th. They set an “outperform” rating and a $300.00 price target on the stock. HSBC upgraded ARM from a “reduce” rating to a “buy” rating and increased their price objective for the company from $90.00 to $205.00 in a research note on Friday, March 20th. Jefferies Financial Group set a $290.00 price objective on ARM in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.04.

Insider Transactions at ARM

In related news, CEO Rene A. Haas sold 23,867 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total value of $3,846,644.39. Following the transaction, the chief executive officer owned 290,965 shares of the company’s stock, valued at $46,894,829.05. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard Roy Grisenthwaite sold 24,339 shares of the 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 completion of the transaction, the insider directly owned 5,543 shares in the company, valued at $1,159,318.45. This trade represents a 81.45% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 301,338 shares of company stock valued at $66,030,158 over the last ninety days.

ARM Price Performance

NASDAQ:ARM opened at $346.39 on Tuesday. The firm has a market capitalization of $369.97 billion, a PE ratio of 412.37, a price-to-earnings-growth ratio of 12.45 and a beta of 3.77. The business’s fifty day moving average price is $228.47 and its 200 day moving average price is $159.59. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $427.99.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. The firm 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%. As a group, equities analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

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.