ARM Holdings PLC Sponsored ADR $ARM Holdings Increased by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments LLC increased its stake in ARM Holdings by 1.2%, bringing its total holdings to 477,289 shares valued at approximately $77.2 million.
• Analysts have raised price targets for ARM, with estimates now ranging from $178 to $210, reflecting positive sentiment towards the stock.
• ARM's recent quarterly earnings showed a 12.1% year-over-year revenue growth, reporting $1.05 billion, and a slight EPS beat of $0.35 against an estimate of $0.34.

Zevenbergen Capital Investments LLC increased its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 477,289 shares of the company's stock after buying an additional 5,762 shares during the period. ARM comprises approximately 1.5% of Zevenbergen Capital Investments LLC's holdings, making the stock its 21st biggest holding. Zevenbergen Capital Investments LLC's holdings in ARM were worth $77,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new stake in ARM during the 1st quarter worth $229,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of ARM by 12.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 107,728 shares of the company's stock worth $11,505,000 after purchasing an additional 11,953 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of ARM by 24.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,465 shares of the company's stock worth $1,118,000 after purchasing an additional 2,025 shares during the last quarter. Cerity Partners LLC increased its position in shares of ARM by 19.2% in the 1st quarter. Cerity Partners LLC now owns 14,671 shares of the company's stock worth $1,567,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of ARM by 15.7% in the 1st quarter. Spire Wealth Management now owns 1,174 shares of the company's stock worth $125,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Stock Performance

Shares of NASDAQ ARM traded down $4.06 during midday trading on Friday, hitting $150.64. The company's stock had a trading volume of 3,601,431 shares, compared to its average volume of 3,798,668. The firm's fifty day moving average price is $145.03 and its 200-day moving average price is $131.02. The firm has a market cap of $159.15 billion, a P/E ratio of 228.24, a P/E/G ratio of 10.07 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $182.88.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARM. Morgan Stanley boosted their target price on shares of ARM from $150.00 to $194.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. BNP Paribas Exane raised shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a research report on Wednesday, July 16th. UBS Group dropped their target price on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Benchmark reaffirmed a "hold" rating on shares of ARM in a report on Monday, June 9th. Finally, TD Cowen lifted their price target on shares of ARM from $155.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $168.52.

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.