ARM Holdings PLC Sponsored ADR $ARM Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 14.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,177 shares of the company’s stock after buying an additional 1,780 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ARM were worth $1,550,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ARM. Navalign LLC acquired a new position in ARM in the 4th quarter valued at about $33,000. FWL Investment Management LLC acquired a new position in ARM in the 2nd quarter valued at about $34,000. Strategic Investment Solutions Inc. IL raised its stake in ARM by 238.1% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in ARM in the 4th quarter valued at about $43,000. Finally, WFA of San Diego LLC acquired a new position in ARM in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARM. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Barclays boosted their target price on shares of ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Needham & Company LLC boosted their target price on shares of ARM from $200.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Rosenblatt Securities lifted their price target on ARM from $175.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Raymond James Financial restated an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $230.04.

ARM Price Performance

ARM opened at $307.43 on Thursday. The stock has a market capitalization of $328.36 billion, a price-to-earnings ratio of 365.99, a price-to-earnings-growth ratio of 11.80 and a beta of 3.78. The business has a 50-day moving average of $235.49 and a two-hundred day moving average of $162.14. 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 quarterly earnings results on Wednesday, April 1st. The company reported $0.60 EPS 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. Equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Insider Transactions at ARM

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the completion of the transaction, the chief accounting officer owned 12,135 shares in the company, valued at $4,765,414.50. This represents a 48.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Abbey sold 6,566 shares of the company’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 completion of the transaction, the insider owned 20,563 shares of the company’s stock, valued at approximately $8,281,131.36. This represents a 24.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 301,338 shares of company stock worth $66,030,158 over the last 90 days.

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.