ARM Holdings PLC Sponsored ADR $ARM Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,465 shares of the company's stock after buying an additional 2,025 shares during the period. Integrated Wealth Concepts LLC's holdings in ARM were worth $1,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of ARM during the first quarter worth approximately $28,000. TFC Financial Management Inc. boosted its position in shares of ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after buying an additional 165 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of ARM during the first quarter worth approximately $34,000. MorganRosel Wealth Management LLC acquired a new position in shares of ARM during the first quarter worth approximately $53,000. Finally, Pandora Wealth Inc. acquired a new position in shares of ARM during the first quarter worth approximately $53,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARM. Morgan Stanley boosted their price objective on ARM from $150.00 to $194.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. KeyCorp restated an "overweight" rating and issued a $190.00 target price (up from $175.00) on shares of ARM in a research report on Thursday, July 31st. Raymond James Financial upped their target price on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upped their target price on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. 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 company. Based on data from MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and an average target price of $169.67.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $154.14 on Thursday. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $182.88. The stock has a fifty day moving average of $145.12 and a 200-day moving average of $130.88. The company has a market capitalization of $162.85 billion, a PE ratio of 233.55, a price-to-earnings-growth ratio of 9.41 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm earned $0.40 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.