14,567 Shares in ARM Holdings PLC Sponsored ADR $ARM Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,567 shares of the company’s stock, valued at approximately $1,592,000.

Several other large investors have also recently added to or reduced their stakes in ARM. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in ARM in the fourth quarter valued at $955,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in ARM in the fourth quarter valued at $699,000. Northwestern Mutual Wealth Management Co. lifted its stake in ARM by 17.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 72,331 shares of the company’s stock valued at $7,907,000 after buying an additional 10,947 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in ARM in the fourth quarter valued at $353,000. Finally, Murphy & Mullick Capital Management Corp lifted its stake in ARM by 15.7% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 1,071 shares of the company’s stock valued at $117,000 after buying an additional 145 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Up 5.4%

Shares of ARM opened at $353.29 on Friday. The business’s 50-day moving average price is $199.27 and its 200 day moving average price is $149.41. The stock has a market capitalization of $373.25 billion, a P/E ratio of 420.58, a P/E/G ratio of 12.18 and a beta of 3.40. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $356.45.

ARM (NASDAQ:ARMGet Free Report) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. The firm had revenue of $1.49 billion for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. On average, research analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Insider Activity at ARM

In other ARM news, insider William Abbey sold 10,887 shares of ARM stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total transaction of $2,440,212.18. Following the transaction, the insider owned 43,353 shares of the company’s stock, valued at $9,717,141.42. The trade was a 20.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jason Child sold 31,920 shares of ARM stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total value of $7,231,156.80. Following the transaction, the chief financial officer directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. This trade represents a 15.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 279,266 shares of company stock worth $57,502,031.

Key Headlines Impacting ARM

Here are the key news stories impacting ARM this week:

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of recent research reports. Sanford C. Bernstein started coverage on ARM in a research note on Monday, May 18th. They issued an “outperform” rating and a $300.00 target price on the stock. KeyCorp reissued an “overweight” rating on shares of ARM in a report on Thursday, February 5th. Needham & Company LLC raised their price target on ARM from $200.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday, February 5th. Finally, Evercore lowered their price target on ARM from $215.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.79.

Check Out Our Latest Stock Report on ARM

ARM Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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