ARM Holdings PLC Sponsored ADR $ARM Shares Acquired by TrueMark Investments LLC

Key Points

• TrueMark Investments LLC increased its stake in ARM Holdings PLC by 25.5% in the second quarter, owning 8,341 shares worth approximately $1.35 million.
• Goldman Sachs Group Inc. also raised its stake significantly by 59.3% during the first quarter, now holding over 6.57 million shares worth around $702 million.
• Wall Street analysts generally maintain a positive outlook for ARM, with many raising their price targets, indicating a consensus rating of "Moderate Buy" and a target price of $167.43.

TrueMark Investments LLC lifted its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 25.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,341 shares of the company's stock after buying an additional 1,697 shares during the period. TrueMark Investments LLC's holdings in ARM were worth $1,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ARM. Goldman Sachs Group Inc. lifted its stake in shares of ARM by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after buying an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP purchased a new position in shares of ARM during the first quarter worth $170,287,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of ARM by 3,853.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company's stock worth $84,180,000 after purchasing an additional 507,300 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of ARM by 112.3% during the first quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after purchasing an additional 372,081 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of ARM during the first quarter worth $19,565,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Down 3.3%

ARM opened at $165.61 on Friday. The firm has a market capitalization of $174.97 billion, a PE ratio of 250.92, a PEG ratio of 10.80 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The firm's 50-day moving average price is $146.98 and its 200 day moving average price is $137.30.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.05 billion for 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, 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

A number of research analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $180.00 price objective on shares of ARM in a report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on shares of ARM from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Morgan Stanley cut their price objective on shares of ARM from $180.00 to $171.00 and set an "overweight" rating for the company in a report on Thursday, October 9th. Mizuho lifted their price objective on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Finally, Raymond James Financial lifted their price objective on shares of ARM from $140.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.43.

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.

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