Arm Holdings PLC Sponsored ADR $ARM Shares Bought by Lido Advisors LLC

Lido Advisors LLC lifted its holdings in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,621 shares of the company’s stock after purchasing an additional 2,867 shares during the quarter. Lido Advisors LLC’s holdings in ARM were worth $5,683,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Kings Path Partners LLC purchased a new stake in shares of ARM in the third quarter valued at $29,000. Evelyn Partners Investment Management Services Ltd acquired a new position in ARM in the first quarter valued at $30,000. Allied Private Wealth LLC purchased a new position in ARM during the second quarter worth about $71,000. CX Institutional purchased a new position in ARM during the third quarter worth about $58,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in ARM during the first quarter worth about $40,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARM. Raymond James Financial reissued an “outperform” rating and issued a $166.00 price target on shares of ARM in a research note on Tuesday, August 25th. UBS Group dropped their price objective on shares of ARM from $320.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $255.00 price objective on shares of ARM in a research note on Thursday, November 5th. New Street Research upgraded shares of ARM from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a report on Thursday, July 30th. Finally, TD Cowen dropped their price target on shares of ARM from $350.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $296.38.

Insider Activity at ARM

In other news, CFO Jason Child sold 10,400 shares of ARM stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $300.00, for a total value of $3,120,000.00. Following the transaction, the chief financial officer directly owned 153,442 shares of the company’s stock, valued at $46,032,600. The trade was a 6.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Trading Down 1.8%

Shares of ARM opened at $199.78 on Friday. Arm Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70. The firm has a market capitalization of $213.38 billion, a P/E ratio of 229.63, a price-to-earnings-growth ratio of 5.87 and a beta of 3.93. The stock’s fifty day simple moving average is $249.19 and its 200 day simple moving average is $231.46.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. ARM had a return on equity of 11.57% and a net margin of 17.13%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. Sell-side analysts predict that Arm Holdings PLC Sponsored ADR will post 1.11 earnings per share for the current year.

About ARM

Arm Holdings plc designs and licenses semiconductor technology, including processor architectures and related intellectual property. Rather than manufacturing chips, the company licenses its designs and collects royalties on products that use them. Arm’s offerings include Cortex CPUs, Mali graphics processors, Neoverse infrastructure platforms and other technology for applications ranging from smartphones and consumer electronics to automotive systems, the Internet of Things and cloud computing.