ARM Holdings PLC Sponsored ADR $ARM Holdings Reduced by Blue Fin Capital Inc.

Key Points

• Blue Fin Capital Inc. cut its stake in ARM by 31.3%, selling 10,371 shares and holding 22,733 shares valued at about $2.485 million at the end of the quarter.
• Insiders sold significant stock: CEO Rene Haas sold 7,986 shares at an average $160.86 and CFO Jason Child sold 21,280 shares at $148.37, with insiders disposing of 53,133 shares worth roughly $8.29 million in the last 90 days.
• Analyst coverage is mixed but skewed positive: 18 Buys, 7 Holds and 1 Sell, a consensus “Moderate Buy” with an average price target of $172.33, while notable swings include Goldman Sachs lowering its target to $125 and Wells Fargo raising theirs to $175.

Blue Fin Capital Inc. decreased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,733 shares of the company's stock after selling 10,371 shares during the period. Blue Fin Capital Inc.'s holdings in ARM were worth $2,485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARM. GAMMA Investing LLC grew its position in ARM by 126.0% in the 3rd quarter. GAMMA Investing LLC now owns 174 shares of the company's stock worth $25,000 after purchasing an additional 97 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in ARM in the 3rd quarter worth about $28,000. FWL Investment Management LLC acquired a new position in ARM during the 2nd quarter worth $34,000. Strategic Investment Solutions Inc. IL boosted its position in ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company's stock worth $40,000 after acquiring an additional 200 shares during the period. Finally, Financial Consulate Inc. acquired a new position in ARM during the 3rd quarter worth $45,000. Institutional investors own 7.53% of the company's stock.

Insider Buying and Selling at ARM

In other news, CEO Rene A. Haas sold 7,986 shares of the company's stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $160.86, for a total value of $1,284,627.96. Following the completion of the sale, the chief executive officer owned 282,979 shares in the company, valued at $45,520,001.94. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jason Child sold 21,280 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the sale, the chief financial officer directly owned 174,706 shares of the company's stock, valued at approximately $25,921,129.22. This represents a 10.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 53,133 shares of company stock valued at $8,288,586.

Analyst Ratings Changes

ARM has been the subject of a number of analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of ARM in a research report on Wednesday, January 21st. Benchmark reiterated a "hold" rating on shares of ARM in a research report on Thursday, February 5th. The Goldman Sachs Group boosted their price target on ARM from $110.00 to $125.00 and gave the stock a "sell" rating in a research report on Thursday, April 9th. Citigroup lowered ARM from a "buy" rating to a "hold" rating in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company upped their price target on shares of ARM from $165.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 1st. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $172.33.

ARM Trading Up 5.8%

Shares of NASDAQ:ARM opened at $157.58 on Tuesday. The firm has a market cap of $166.48 billion, a P/E ratio of 210.11, a P/E/G ratio of 6.71 and a beta of 3.33. The company has a 50 day moving average of $130.82 and a 200-day moving average of $134.26. ARM Holdings PLC Sponsored ADR has a twelve month low of $95.32 and a twelve month high of $183.16.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 14.01% and a net margin of 17.15%.The company's revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

About ARM

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.

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