ARM Holdings PLC Sponsored ADR $ARM Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 16.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,893 shares of the company’s stock after selling 586 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in ARM were worth $468,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of ARM in the 1st quarter worth approximately $229,000. Swedbank AB acquired a new stake in ARM in the first quarter worth approximately $18,667,000. Integrated Wealth Concepts LLC lifted its position in ARM by 24.0% in the first quarter. Integrated Wealth Concepts LLC now owns 10,465 shares of the company’s stock worth $1,118,000 after purchasing an additional 2,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ARM by 12.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 107,728 shares of the company’s stock valued at $11,505,000 after buying an additional 11,953 shares during the period. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of ARM by 638.4% in the second quarter. Global X Japan Co. Ltd. now owns 80,239 shares of the company’s stock valued at $12,978,000 after buying an additional 69,372 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARM. Morgan Stanley cut their price objective on ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a report on Thursday. BNP Paribas Exane raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price target for the company in a report on Wednesday, July 16th. TD Cowen increased their target price on shares of ARM from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of ARM in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned 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 stock has an average rating of “Moderate Buy” and a consensus target price of $167.43.

ARM Trading Down 9.2%

ARM stock opened at $154.93 on Friday. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $182.88. The firm has a market capitalization of $163.68 billion, a PE ratio of 234.74, a P/E/G ratio of 11.13 and a beta of 4.10. The firm has a 50-day moving average of $143.78 and a two-hundred day moving average of $135.04.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.