Arm Holdings PLC Sponsored ADR $ARM Position Decreased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG cut its ARM holdings by 56.6% in the second quarter, selling 5,216 shares and retaining 4,000 shares valued at approximately $1.42 million. Institutional investors and hedge funds collectively own 7.53% of ARM.
• ARM reported quarterly revenue of $1.29 billion and adjusted earnings of $0.45 per share, exceeding analyst estimates, while revenue rose 22.4% year over year.
• Analyst sentiment remains broadly positive, with 18 Buy, seven Hold and one Sell rating; the stock has a consensus “Moderate Buy” rating and an average price target of $305.12.

B. Metzler seel. Sohn & Co. AG reduced its holdings in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 56.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company's stock after selling 5,216 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in ARM were worth $1,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of ARM by 18.7% in the 2nd quarter. GAMMA Investing LLC now owns 406 shares of the company's stock worth $144,000 after acquiring an additional 64 shares during the last quarter. CreativeOne Wealth LLC raised its stake in ARM by 5.0% during the 4th quarter. CreativeOne Wealth LLC now owns 1,830 shares of the company's stock valued at $200,000 after purchasing an additional 87 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of ARM by 6.2% in the first quarter. AdvisorNet Financial Inc now owns 1,681 shares of the company's stock valued at $254,000 after purchasing an additional 98 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of ARM by 5.3% in the third quarter. Moors & Cabot Inc. now owns 2,050 shares of the company's stock valued at $290,000 after purchasing an additional 103 shares in the last quarter. Finally, Heritage Trust Co boosted its position in shares of ARM by 5.5% in the fourth quarter. Heritage Trust Co now owns 2,045 shares of the company's stock worth $224,000 after buying an additional 107 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ARM

In other news, CFO Jason Child sold 10,400 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $255.33, for a total value of $2,655,432.00. Following the completion of the sale, the chief financial officer directly owned 163,832 shares in the company, valued at approximately $41,831,224.56. The trade was a 5.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Price Performance

NASDAQ ARM opened at $252.09 on Friday. Arm Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70. The stock's 50-day moving average is $273.23 and its two-hundred day moving average is $238.12. The firm has a market cap of $269.25 billion, a P/E ratio of 259.89, a price-to-earnings-growth ratio of 7.47 and a beta of 3.89.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. ARM had a return on equity of 12.24% and a net margin of 20.25%.The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The firm's revenue was up 22.4% on a year-over-year basis. On average, equities analysts expect that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARM. Mizuho upped their target price on ARM from $425.00 to $500.00 and gave the company an "outperform" rating in a report on Monday, June 8th. TD Cowen decreased their price target on shares of ARM from $475.00 to $350.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Guggenheim reaffirmed a "buy" rating and set a $255.00 price objective on shares of ARM in a research report on Thursday, July 30th. Rosenblatt Securities dropped their price objective on shares of ARM from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of ARM in a report on Friday, July 17th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $305.12.

ARM Profile

Arm Holdings 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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