Arm Holdings PLC Sponsored ADR $ARM Stock Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 6.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 777,229 shares of the company’s stock after selling 50,137 shares during the period. ARM accounts for approximately 4.1% of Robeco Schweiz AG’s holdings, making the stock its largest holding. Robeco Schweiz AG owned approximately 0.07% of ARM worth $225,132,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its stake in ARM by 1,203.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,152 shares of the company’s stock worth $142,983,000 after purchasing an additional 872,644 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of ARM in the first quarter valued at $116,112,000. Hyperion Asset Management Ltd increased its stake in shares of ARM by 36.9% in the third quarter. Hyperion Asset Management Ltd now owns 727,273 shares of the company’s stock valued at $210,662,000 after buying an additional 195,942 shares in the last quarter. Altshuler Shaham Ltd increased its stake in shares of ARM by 202.6% in the first quarter. Altshuler Shaham Ltd now owns 478,289 shares of the company’s stock valued at $72,356,000 after buying an additional 320,236 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of ARM by 67.5% in the first quarter. Sei Investments Co. now owns 454,220 shares of the company’s stock valued at $68,714,000 after buying an additional 183,045 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of NASDAQ ARM opened at $210.33 on Friday. The company’s 50 day simple moving average is $261.86 and its 200 day simple moving average is $271.80. The firm has a market capitalization of $224.65 billion, a P/E ratio of 216.84, a P/E/G ratio of 6.24 and a beta of 3.78. Arm Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. ARM’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. Sell-side analysts expect that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ARM shares. HSBC downgraded shares of ARM from a “buy” rating to a “hold” rating and upped their price target for the stock from $255.00 to $315.00 in a research report on Tuesday, July 14th. KeyCorp increased their price objective on shares of ARM from $300.00 to $430.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Guggenheim restated a “buy” rating and issued a $255.00 price objective on shares of ARM in a research report on Thursday, July 30th. Wells Fargo & Company dropped their target price on shares of ARM from $350.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $303.32.

Insider Activity

In related news, CFO Jason Child sold 10,400 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $300.00, for a total value of $3,120,000.00. Following the completion of the sale, the chief financial officer owned 153,442 shares in the company, valued at $46,032,600. This represents a 6.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Company Profile

Arm Holdings plc (NASDAQ: ARM) is a semiconductor and software design company that develops central processing unit (CPU) architectures and related intellectual property. Rather than manufacturing chips itself, Arm licenses its designs and instruction-set architectures to semiconductor companies and technology manufacturers, which incorporate them into their own products.

The company’s offerings include CPU processor cores, graphics processing units through its Mali product family, system IP, development tools and software.