Castle Rock Wealth Management LLC purchased a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,244 shares of the company's stock, valued at approximately $3,120,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Amundi grew its stake in shares of ARM by 24.8% during the 1st quarter. Amundi now owns 11,804 shares of the company's stock worth $1,153,000 after acquiring an additional 2,345 shares during the period. Empowered Funds LLC increased its holdings in shares of ARM by 28.8% in the first quarter. Empowered Funds LLC now owns 4,887 shares of the company's stock worth $522,000 after purchasing an additional 1,094 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of ARM by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company's stock valued at $393,000 after acquiring an additional 200 shares in the last quarter. Bank of Nova Scotia purchased a new stake in ARM in the second quarter valued at approximately $556,000. Finally, State Street Corp raised its position in shares of ARM by 14.7% during the 2nd quarter. State Street Corp now owns 441,445 shares of the company's stock valued at $71,399,000 after buying an additional 56,656 shares in the last quarter. 7.53% of the stock is owned by institutional investors.
Insider Activity at ARM
In other news, CAO Laura Kathleen Bartels sold 11,306 shares of the business's stock in a transaction on 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 completion of the transaction, the chief accounting officer directly owned 12,135 shares of the company's stock, valued at approximately $4,765,414.50. The trade was a 48.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard Roy Grisenthwaite sold 24,339 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $209.15, for a total transaction of $5,090,501.85. Following the sale, the insider directly owned 5,543 shares of the company's stock, valued at $1,159,318.45. The trade was a 81.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 216,049 shares of company stock worth $52,101,605 over the last three months.
ARM Stock Up 4.4%
ARM stock opened at $286.68 on Friday. The company's 50-day moving average price is $324.94 and its 200-day moving average price is $218.25. The company has a market cap of $306.20 billion, a PE ratio of 295.55, a price-to-earnings-growth ratio of 8.14 and a beta of 3.90. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70.
ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%.The company's quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. ARM has set its Q2 2027 guidance at 0.430-0.510 EPS. As a group, sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $255.00 target price on shares of ARM in a research report on Thursday, July 30th. New Street Research raised ARM from a "neutral" rating to a "buy" rating and set a $260.00 target price on the stock in a research note on Thursday, July 30th. Sanford C. Bernstein set a $500.00 price target on shares of ARM in a report on Wednesday, June 17th. Royal Bank Of Canada decreased their price target on shares of ARM from $475.00 to $340.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Finally, HSBC cut shares of ARM from a "buy" rating to a "hold" rating and lifted their target price for the stock from $255.00 to $315.00 in a report on Tuesday, July 14th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $285.33.
Read Our Latest Analysis on ARM
About ARM
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report).
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