92,300 Shares of Arm Holdings PLC Sponsored ADR $ARM Acquired by M & L Capital Management Ltd

Key Points

• M & L Capital Management purchased 92,300 Arm shares worth approximately $26.7 million, making ARM a 5.6% portfolio holding and its 12th-largest position.
• Several institutional investors increased their ARM stakes, though institutional and hedge-fund ownership remains relatively limited at 7.53%.
• ARM recently exceeded earnings expectations, reporting $0.45 EPS and $1.29 billion in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $303.32.

M & L Capital Management Ltd purchased a new stake in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 92,300 shares of the company's stock, valued at approximately $26,736,000. ARM comprises approximately 5.6% of M & L Capital Management Ltd's portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of ARM by 1,203.5% in the 1st 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 during the last quarter. Janus Henderson Group PLC acquired a new stake in ARM during the first quarter valued at approximately $116,112,000. Altshuler Shaham Ltd lifted its stake in ARM by 202.6% during the first quarter. Altshuler Shaham Ltd now owns 478,289 shares of the company's stock valued at $72,356,000 after purchasing an additional 320,236 shares during the last quarter. Liontrust Investment Partners LLP lifted its stake in ARM by 139.7% during the first quarter. Liontrust Investment Partners LLP now owns 347,339 shares of the company's stock valued at $52,545,000 after purchasing an additional 202,410 shares during the last quarter. Finally, Hyperion Asset Management Ltd lifted its stake in ARM by 36.9% during the third quarter. Hyperion Asset Management Ltd now owns 727,273 shares of the company's stock valued at $210,662,000 after purchasing an additional 195,942 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

NASDAQ ARM opened at $226.60 on Wednesday. Arm Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70. The stock has a market cap of $242.03 billion, a price-to-earnings ratio of 233.61 and a beta of 3.78. The firm's 50 day moving average price is $260.38 and its two-hundred day moving average price is $226.25.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. ARM's revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. On average, research analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current fiscal year.

Insider Buying and Selling at ARM

In related news, CFO Jason Child sold 10,400 shares of the company's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $300.00, for a total transaction of $3,120,000.00. Following the transaction, the chief financial officer directly owned 153,442 shares of the company's stock, valued at approximately $46,032,600. The trade was a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARM. Morgan Stanley lifted their price target on shares of ARM from $202.00 to $212.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Piper Sandler assumed coverage on ARM in a report on Wednesday, September 9th. They issued an "overweight" rating and a $320.00 price target on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of ARM in a research report on Thursday, October 15th. 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 research note on Thursday, July 30th. Finally, Susquehanna raised their price objective on ARM from $300.00 to $320.00 and gave the stock a "positive" rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, ARM presently has an average rating of "Moderate Buy" and an average target price of $303.32.

About ARM

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.

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