Bank of America Corp DE Sells 1,639,301 Shares of ARM Holdings PLC Sponsored ADR $ARM

Bank of America Corp DE lessened its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 69.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 706,252 shares of the company’s stock after selling 1,639,301 shares during the quarter. Bank of America Corp DE’s holdings in ARM were worth $106,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rathbones Group PLC lifted its stake in ARM by 4,638.8% in the 4th quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock worth $54,660,000 after purchasing an additional 489,491 shares in the last quarter. Paragon Capital Management Inc. bought a new position in ARM in the 4th quarter valued at $826,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ARM by 34.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock valued at $2,644,000 after purchasing an additional 6,232 shares in the last quarter. Partners Group Holding AG purchased a new position in shares of ARM during the 4th quarter valued at $798,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ARM by 13.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 417,775 shares of the company’s stock worth $45,667,000 after purchasing an additional 49,811 shares during the period. 7.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating on shares of ARM in a research report on Thursday, May 7th. KeyCorp upped their target price on ARM from $300.00 to $430.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Barclays raised their price target on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Mizuho lifted their price target on ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Finally, New Street Research raised ARM from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a report on Thursday, July 30th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.33.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $282.57 on Friday. The firm has a market capitalization of $301.81 billion, a PE ratio of 291.31, a price-to-earnings-growth ratio of 8.50 and a beta of 3.90. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70. The firm has a fifty day moving average of $323.52 and a 200 day moving average of $218.70.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. ARM had a return on equity of 12.24% and a net margin of 20.25%.The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. ARM has set its Q2 2027 guidance at 0.430-0.510 EPS. On average, sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.15 EPS for the current fiscal year.

Insider Activity

In related news, insider William Abbey sold 10,887 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the completion of the sale, the insider owned 43,353 shares in the company, valued at $9,717,141.42. The trade was a 20.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total value of $7,231,156.80. Following the completion of the sale, the chief financial officer directly owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. This represents a 15.48% 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. In the last three months, insiders sold 216,049 shares of company stock worth $52,101,605.

ARM Profile

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.