2,116 Shares in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Bought by Advisor Resource Council

Advisor Resource Council bought a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,116 shares of the company's stock, valued at approximately $226,000.

Several other hedge funds have also made changes to their positions in ARM. GeoWealth Management LLC increased its position in shares of ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after purchasing an additional 92 shares during the last quarter. Colonial Trust Co SC purchased a new position in ARM during the fourth quarter worth about $40,000. Farther Finance Advisors LLC increased its position in shares of ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after acquiring an additional 453 shares during the last quarter. Harbour Investments Inc. increased its position in shares of ARM by 40.1% during the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company's stock valued at $111,000 after acquiring an additional 258 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of ARM in the 4th quarter valued at approximately $123,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Price Performance

Shares of ARM traded up $0.90 during midday trading on Wednesday, reaching $157.31. The stock had a trading volume of 4,739,902 shares, compared to its average volume of 6,270,069. The company's fifty day simple moving average is $127.76 and its two-hundred day simple moving average is $131.22. The company has a market cap of $166.63 billion, a price-to-earnings ratio of 209.75, a PEG ratio of 7.18 and a beta of 4.08. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) 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 revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. On average, sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARM. Wells Fargo & Company lowered their price objective on shares of ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Cfra Research upgraded ARM to a "hold" rating in a research note on Friday, March 21st. Benchmark restated a "hold" rating on shares of ARM in a research report on Monday, June 9th. Rosenblatt Securities dropped their price objective on ARM from $203.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Loop Capital cut their price objective on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

About ARM

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.