107,962 Shares in Arm Holdings PLC Sponsored ADR $ARM Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 107,962 shares of the company’s stock, valued at approximately $38,280,000.

A number of other large investors have also modified their holdings of the company. Morgan Stanley lifted its holdings in shares of ARM by 1.2% during the 4th quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock worth $413,521,000 after acquiring an additional 45,314 shares during the period. Invesco Ltd. increased its stake in ARM by 36.9% in the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after acquiring an additional 654,727 shares during the period. Coatue Management LLC raised its position in ARM by 1.8% in the fourth quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock worth $251,413,000 after purchasing an additional 40,174 shares in the last quarter. Wellington Management Group LLP raised its position in ARM by 41.6% in the fourth quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock worth $234,925,000 after purchasing an additional 631,576 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in ARM by 11.0% during the fourth quarter. Schroder Investment Management Group now owns 1,891,310 shares of the company’s stock worth $206,739,000 after purchasing an additional 187,035 shares during the period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ARM

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total value of $4,439,866.20. Following the transaction, the chief accounting officer directly owned 12,135 shares in the company, valued at $4,765,414.50. This represents a 48.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William Abbey sold 6,566 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $402.72, for a total transaction of $2,644,259.52. Following the sale, the insider owned 20,563 shares of the company’s stock, valued at $8,281,131.36. The trade was a 24.20% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on ARM from $350.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. The Goldman Sachs Group upped their price target on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a research report on Thursday, May 7th. Rosenblatt Securities dropped their price objective on ARM from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a research report on Thursday, May 7th. Finally, KeyCorp raised their price objective on shares of ARM from $300.00 to $430.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ARM has an average rating of “Moderate Buy” and a consensus price target of $305.12.

ARM Trading Down 6.3%

Shares of NASDAQ ARM opened at $239.05 on Friday. Arm Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The company has a 50-day moving average of $285.38 and a two-hundred day moving average of $234.04. The company has a market cap of $255.32 billion, a PE ratio of 246.45, a P/E/G ratio of 7.57 and a beta of 3.90.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%.The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. As a group, equities research analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current year.

ARM Company Profile

Arm Holdings (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.