First Trust Advisors LP Increases Holdings in ARM Holdings PLC Sponsored ADR $ARM

First Trust Advisors LP grew its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 7.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 650,296 shares of the company’s stock after purchasing an additional 46,000 shares during the quarter. First Trust Advisors LP’s holdings in ARM were worth $92,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ARM. GAMMA Investing LLC increased its holdings in shares of ARM by 126.0% during the third quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock valued at $25,000 after acquiring an additional 97 shares in the last quarter. Huntington National Bank bought a new position in ARM in the 2nd quarter worth about $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in ARM during the 3rd quarter valued at about $28,000. FWL Investment Management LLC bought a new stake in ARM during the 2nd quarter valued at about $34,000. Finally, WFA of San Diego LLC bought a new stake in ARM during the 2nd quarter valued at about $49,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Up 2.8%

ARM opened at $117.63 on Tuesday. The stock has a market capitalization of $124.28 billion, a price-to-earnings ratio of 156.84, a PEG ratio of 7.89 and a beta of 4.10. The firm has a 50 day moving average price of $116.72 and a 200-day moving average price of $134.93. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $183.16.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, February 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. ARM had a net margin of 17.15% and a return on equity of 14.01%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. ARM has set its Q4 2026 guidance at 0.540-0.620 EPS. As a group, analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARM has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on shares of ARM from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Rosenblatt Securities reduced their price target on shares of ARM from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Bank of America restated a “neutral” rating and issued a $120.00 price objective on shares of ARM in a report on Tuesday, January 13th. KeyCorp reiterated an “overweight” rating on shares of ARM in a research note on Thursday, February 5th. Finally, Loop Capital lifted their target price on ARM from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and an average target price of $160.81.

About ARM

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.