ARM Holdings PLC Sponsored ADR $ARM Shares Sold by Capital World Investors

Capital World Investors reduced its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 75.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,165,776 shares of the company’s stock after selling 3,606,816 shares during the period. Capital World Investors’ holdings in ARM were worth $127,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Navalign LLC acquired a new position in ARM during the 4th quarter valued at about $33,000. FWL Investment Management LLC acquired a new position in shares of ARM in the second quarter valued at about $34,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of ARM by 238.1% in the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of ARM in the fourth quarter valued at about $43,000. Finally, WFA of San Diego LLC acquired a new position in shares of ARM in the second quarter valued at about $49,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective (up from $135.00) on shares of ARM in a report on Tuesday, April 7th. Sanford C. Bernstein assumed coverage on ARM in a report on Monday, May 18th. They issued an “outperform” rating and a $300.00 price objective on the stock. Guggenheim increased their price objective on ARM from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada increased their price objective on ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $230.04.

ARM Stock Up 1.0%

ARM stock opened at $346.39 on Tuesday. The firm has a market cap of $369.97 billion, a price-to-earnings ratio of 412.37, a price-to-earnings-growth ratio of 12.45 and a beta of 3.77. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $427.99. The business’s 50-day moving average price is $228.47 and its 200 day moving average price is $159.59.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, April 1st. The company reported $0.60 EPS 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%. Equities analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jason Child sold 31,920 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the sale, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at $39,470,517.28. This trade represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the sale, the chief accounting officer directly owned 12,135 shares in the company, valued at approximately $4,765,414.50. This trade represents a 48.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 301,338 shares of company stock valued at $66,030,158 in the last three months.

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.