Bank Julius Baer & Co. Ltd Zurich Cuts Position in ARM Holdings PLC Sponsored ADR $ARM

Bank Julius Baer & Co. Ltd Zurich cut its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 95.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,867 shares of the company’s stock after selling 666,463 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in ARM were worth $3,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in ARM by 22.1% during the 3rd quarter. Bank of America Corp DE now owns 1,802,973 shares of the company’s stock worth $255,103,000 after buying an additional 326,230 shares during the last quarter. Invesco Ltd. grew its stake in ARM by 28.2% during the 3rd quarter. Invesco Ltd. now owns 1,772,123 shares of the company’s stock worth $250,738,000 after buying an additional 390,217 shares during the last quarter. Capital Research Global Investors purchased a new position in ARM during the 3rd quarter worth $243,098,000. Hyperion Asset Management Ltd purchased a new position in ARM during the 3rd quarter worth $202,980,000. Finally, Altimeter Capital Management LP grew its stake in ARM by 17.7% during the 3rd quarter. Altimeter Capital Management LP now owns 1,098,139 shares of the company’s stock worth $155,376,000 after buying an additional 164,931 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ARM

In other ARM news, insider Spencer Collins sold 51,961 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the sale, the insider directly owned 51,125 shares in the company, valued at $10,824,696.25. This trade represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Child sold 21,280 shares of ARM stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $180.00, for a total value of $3,830,400.00. Following the sale, the chief financial officer owned 153,426 shares in the company, valued at $27,616,680. This trade represents a 12.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 135,673 shares of company stock worth $24,616,433 over the last ninety days.

Key ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm’s software and hardware ecosystem continues to reinforce its competitive moat, supporting its leadership in smartphones and device computing. ARM’s Powerful Ecosystem Advantage Drives Market Leadership
• Positive Sentiment: Recent reporting says Arm and SoftBank tried to buy Cerebras, signaling continued ambition to expand Arm’s footprint in AI semiconductors. Arm’s Cerebras Bid Sheds Light On AI Chip Expansion Plans
• Positive Sentiment: UBS data showed ARM gaining server chip share at Intel’s expense, reinforcing the bull case for Arm’s long-term growth in data center and AI-related markets. New report shows AMD and ARM continue server share gains at Intel’s expense
• Neutral Sentiment: Analysts warned that the AI trade may be taking a breather, which has weighed on chip stocks broadly rather than on ARM-specific fundamentals. The AI Trade Takes a Breather to End the Week
• Neutral Sentiment: A major insider sale by Spencer Collins may be adding near-term pressure, though it does not change the company’s operating outlook by itself. ARM Insider Spencer Collins Sells 51,961 Shares
• Negative Sentiment: Another market note linked ARM to warnings about a potential chip-stock bubble, contributing to the day’s risk-off sentiment in semiconductor names. Intel Stock Is Falling as Analyst Issues Chip-Stock Bubble Warning

Analyst Ratings Changes

ARM has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 5th. HSBC upgraded ARM from a “reduce” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $205.00 in a research note on Friday, March 20th. Barclays boosted their price target on ARM from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Susquehanna boosted their price objective on ARM from $170.00 to $210.00 and gave the company a “positive” rating in a report on Thursday, April 16th. Nineteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.61.

ARM Stock Performance

Shares of ARM stock opened at $209.16 on Friday. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $239.50. The stock has a 50 day moving average of $164.92 and a 200 day moving average of $140.59. The firm has a market capitalization of $220.98 billion, a price-to-earnings ratio of 249.00, a PEG ratio of 7.88 and a beta of 3.40.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $1.49 billion during the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. Analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.18 EPS for the current year.

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.