Forum Financial Management LP Invests $254,000 in ARM Holdings PLC Sponsored ADR $ARM

Forum Financial Management LP acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,678 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARM. Mcguire Capital Advisors Inc. purchased a new position in ARM in the fourth quarter worth $30,000. Navalign LLC purchased a new stake in shares of ARM during the 4th quarter valued at $33,000. FWL Investment Management LLC acquired a new stake in shares of ARM in the 2nd quarter worth $34,000. Motiv8 Investments LLC acquired a new stake in shares of ARM in the 4th quarter worth $38,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock worth $40,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Insider Buying and Selling

In other news, insider Richard Roy Grisenthwaite sold 24,339 shares of the company’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 $1,159,318.45. This represents a 81.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Spencer Collins sold 51,961 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the completion of the sale, the insider owned 51,125 shares in the company, valued at $10,824,696.25. The trade was a 50.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 248,205 shares of company stock worth $57,741,572 in the last quarter.

ARM Stock Performance

ARM stock opened at $337.47 on Thursday. The business’s 50-day simple moving average is $302.53 and its two-hundred day simple moving average is $187.70. The company has a market cap of $360.44 billion, a PE ratio of 401.75, a PEG ratio of 12.88 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70.

ARM (NASDAQ:ARM) last announced 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 business had revenue of $1.49 billion for the quarter. As a group, analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ARM. Royal Bank Of Canada upped their target price on ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company boosted their price target on ARM from $255.00 to $410.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. TD Cowen upped their price objective on shares of ARM from $265.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. Finally, The Goldman Sachs Group lifted 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. Nineteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $279.83.

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.