Argonautica Private Wealth Management Inc. Acquires Shares of 2,677 ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Argonautica Private Wealth Management Inc. acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,677 shares of the company's stock, valued at approximately $286,000.

Several other large investors also recently modified their holdings of ARM. Schroder Investment Management Group lifted its holdings in shares of ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after purchasing an additional 860,716 shares in the last quarter. FMR LLC lifted its holdings in shares of ARM by 6.4% in the 4th quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after purchasing an additional 133,034 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in shares of ARM in the 1st quarter worth $170,287,000. Finally, First Trust Advisors LP lifted its holdings in shares of ARM by 1.9% in the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock worth $109,644,000 after purchasing an additional 16,400 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Mizuho raised their price objective on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Raymond James Financial dropped their price objective on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. KGI Securities assumed coverage on ARM in a research note on Tuesday, April 15th. They set a "neutral" rating on the stock. The Goldman Sachs Group assumed coverage on ARM in a research note on Thursday, July 10th. They set a "neutral" rating and a $160.00 price objective on the stock. Finally, BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price objective on the stock in a research note on Wednesday, July 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.04.

ARM Trading Up 2.0%

Shares of ARM traded up $3.18 during trading hours on Friday, reaching $163.17. 3,144,893 shares of the company's stock traded hands, compared to its average volume of 4,651,463. The stock has a market cap of $172.39 billion, a PE ratio of 217.56, a price-to-earnings-growth ratio of 9.23 and a beta of 4.19. The firm's 50 day simple moving average is $144.61 and its 200-day simple moving average is $134.06. ARM Holdings PLC Sponsored ADR has a 12 month low of $80.00 and a 12 month high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 17.97% and a net margin of 19.76%. ARM's quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. As a group, analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.