Banque Cantonale Vaudoise Has $1.40 Million Stake in ARM Holdings PLC Sponsored ADR $ARM

Banque Cantonale Vaudoise boosted its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 24.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,254 shares of the company’s stock after buying an additional 1,847 shares during the quarter. Banque Cantonale Vaudoise’s holdings in ARM were worth $1,400,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. acquired a new stake in ARM during the 4th quarter valued at approximately $30,000. Navalign LLC bought a new position in ARM during the 4th quarter worth approximately $33,000. FWL Investment Management LLC acquired a new position in shares of ARM in the 2nd quarter worth approximately $34,000. Motiv8 Investments LLC bought a new stake in shares of ARM in the 4th quarter valued at $38,000. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of 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. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARM. New Street Research cut shares of ARM from a “buy” rating to a “neutral” rating in a research report on Thursday, June 18th. Barclays upped their price target on shares of ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wells Fargo & Company increased their price target on ARM from $255.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective (up from $135.00) on shares of ARM in a research report on Tuesday, April 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Monday, April 20th. Nineteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.83.

ARM Price Performance

ARM opened at $334.27 on Friday. The company’s 50-day moving average is $291.90 and its 200 day moving average is $183.05. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70. The firm has a market capitalization of $357.03 billion, a P/E ratio of 397.94, a PEG ratio of 12.63 and a beta of 3.78.

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

Insiders Place Their Bets

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Roy Grisenthwaite sold 24,339 shares of the firm’s 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 sale, the insider directly owned 5,543 shares of the company’s stock, valued at approximately $1,159,318.45. This represents a 81.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 248,205 shares of company stock valued at $57,741,572.

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.