8,000 Shares in ARM Holdings PLC Sponsored ADR $ARM Bought by Alight Capital Management LP

Key Points

• Alight Capital Management LP has acquired a new position in ARM Holdings PLC, investing approximately $854,000 for 8,000 shares during the first quarter.
• Multiple institutional investors have increased their stakes in ARM, with Goldman Sachs Group boosting its holdings by 59.3% to nearly $702 million.
• ARM reported a 12.1% increase in quarterly revenue year-over-year, achieving earnings per share of $0.35, surpassing analysts' expectations.

Alight Capital Management LP bought a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,000 shares of the company's stock, valued at approximately $854,000.

Several other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after purchasing an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP bought a new position in ARM in the first quarter valued at about $170,287,000. Polar Capital Holdings Plc raised its position in ARM by 11.3% in the fourth quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock valued at $94,240,000 after purchasing an additional 77,420 shares during the last quarter. American Century Companies Inc. raised its position in ARM by 112.3% in the first quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock valued at $75,112,000 after purchasing an additional 372,081 shares during the last quarter. Finally, Invesco Ltd. raised its position in ARM by 9.5% in the first quarter. Invesco Ltd. now owns 576,020 shares of the company's stock valued at $61,513,000 after purchasing an additional 49,805 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Up 2.0%

ARM traded up $2.69 during trading on Friday, hitting $138.17. The company's stock had a trading volume of 2,815,559 shares, compared to its average volume of 3,609,340. The stock's fifty day moving average price is $145.89 and its 200-day moving average price is $130.99. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The firm has a market capitalization of $145.98 billion, a P/E ratio of 209.35, a PEG ratio of 9.05 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.40 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ARM. TD Cowen increased their target price on ARM from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Seaport Res Ptn upgraded ARM to a "strong-buy" rating in a research report on Monday, August 11th. Loop Capital lowered their price objective on ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. UBS Group lowered their price objective on ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.67.

ARM 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.