Banco Bilbao Vizcaya Argentaria S.A. Grows Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in ARM Holdings by 41.3%, owning 90,059 shares valued at approximately $9.5 million.
• ARM reported earnings per share (EPS) of $0.35 in its latest quarterly earnings, exceeding the consensus estimate of $0.34, with revenue slightly below expectations at $1.05 billion.
• Analysts have set price targets for ARM shares with a consensus rating of "Moderate Buy" and an average target price of $169.67.

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 41.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,059 shares of the company's stock after acquiring an additional 26,313 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in ARM were worth $9,495,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in ARM in the 1st quarter valued at about $28,000. GeoWealth Management LLC raised its holdings in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after acquiring an additional 92 shares during the period. TFC Financial Management Inc. raised its holdings in ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 165 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in ARM in the 1st quarter worth about $34,000. Finally, Colonial Trust Co SC acquired a new stake in ARM in the 4th quarter worth about $40,000. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ARM has been the subject of several analyst reports. KeyCorp reiterated an "overweight" rating and issued a $190.00 price objective (up previously from $175.00) on shares of ARM in a research note on Thursday, July 31st. Citigroup reduced their price objective on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Raymond James Financial raised their price target on shares of ARM from $140.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Bank of America dropped their price target on shares of ARM from $144.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Morgan Stanley increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.67.

ARM Stock Up 0.1%

ARM traded up $0.1730 during midday trading on Monday, hitting $138.0930. The company had a trading volume of 894,708 shares, compared to its average volume of 5,425,277. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $182.88. The company has a market capitalization of $145.90 billion, a price-to-earnings ratio of 209.44, a PEG ratio of 9.22 and a beta of 4.17. The stock's 50 day moving average price is $148.60 and its 200 day moving average price is $132.16.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The business's revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. Research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

ARM Company 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.