ARM Holdings PLC Sponsored ADR $ARM Shares Bought by Willner & Heller LLC

Key Points

• Willner & Heller LLC increased its stake in ARM Holdings PLC by 21.4% during the second quarter, holding a total of 10,090 shares valued at approximately $1.63 million.
• Goldman Sachs Group Inc. boosted its holdings in ARM by 59.3%, now owning over 6.57 million shares worth around $702 million.
• Analysts have a generally positive outlook on ARM, with an average rating of "Moderate Buy" and a consensus target price of $168.52.

Willner & Heller LLC increased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,090 shares of the company's stock after acquiring an additional 1,780 shares during the period. ARM makes up 1.4% of Willner & Heller LLC's portfolio, making the stock its 13th biggest position. Willner & Heller LLC's holdings in ARM were worth $1,632,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ARM. Goldman Sachs Group Inc. increased its holdings in shares of ARM by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after acquiring an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP acquired a new stake in shares of ARM in the 1st quarter worth about $170,287,000. Robeco Institutional Asset Management B.V. increased its stake in ARM by 3,853.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company's stock valued at $84,180,000 after buying an additional 507,300 shares during the period. American Century Companies Inc. increased its stake in ARM by 112.3% during the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock valued at $75,112,000 after buying an additional 372,081 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in ARM during the 1st quarter valued at about $19,565,000. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ARM shares. Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Benchmark reissued a "hold" rating on shares of ARM in a research note on Monday, June 9th. Morgan Stanley raised their price objective on shares of ARM from $150.00 to $194.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. TD Cowen raised their price objective on shares of ARM from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of ARM in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $168.52.

ARM Price Performance

NASDAQ ARM opened at $152.64 on Friday. The company has a 50 day simple moving average of $143.02 and a 200-day simple moving average of $133.64. The firm has a market capitalization of $161.27 billion, a price-to-earnings ratio of 231.27, a price-to-earnings-growth ratio of 9.25 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business 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%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

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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