Arm Holdings PLC Sponsored ADR $ARM Shares Newly Purchased by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK bought 27,205 Arm shares in the third quarter, worth approximately $7.88 million; institutional investors own 7.53% of the stock.
• Analyst views were mixed, with recent price-target cuts alongside Buy ratings. ARM has a consensus “Moderate Buy” rating and an average target price of $291.72.
• Arm reported quarterly earnings of $0.52 per share, above the $0.48 consensus estimate, while revenue rose 27.1% year over year to $1.44 billion.

AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,205 shares of the company's stock, valued at approximately $7,880,000.

A number of other institutional investors also recently modified their holdings of ARM. Arrowstreet Capital Limited Partnership boosted its position in ARM by 1,203.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,152 shares of the company's stock worth $142,983,000 after acquiring an additional 872,644 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of ARM during the 1st quarter worth approximately $116,112,000. Hyperion Asset Management Ltd raised its holdings in shares of ARM by 36.9% in the third quarter. Hyperion Asset Management Ltd now owns 727,273 shares of the company's stock valued at $210,662,000 after purchasing an additional 195,942 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ARM in the third quarter valued at approximately $179,998,000. Finally, Altshuler Shaham Ltd raised its holdings in shares of ARM by 202.6% in the first quarter. Altshuler Shaham Ltd now owns 478,289 shares of the company's stock valued at $72,356,000 after purchasing an additional 320,236 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ARM shares. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $160.00 target price on shares of ARM in a research report on Thursday. TD Cowen cut their price target on shares of ARM from $350.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price objective on shares of ARM from $280.00 to $255.00 and set an "overweight" rating for the company in a research note on Thursday. Weiss Ratings restated a "hold (c)" rating on shares of ARM in a report on Thursday, October 15th. Finally, UBS Group decreased their price objective on ARM from $320.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, November 5th. Nineteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.72.

Insider Buying and Selling at ARM

In related news, CFO Jason Child sold 10,400 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $300.00, for a total transaction of $3,120,000.00. Following the transaction, the chief financial officer directly owned 153,442 shares of the company's stock, valued at approximately $46,032,600. The trade was a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Stock Performance

Shares of ARM stock opened at $186.30 on Tuesday. The firm's 50-day moving average is $251.72 and its 200-day moving average is $230.29. The stock has a market cap of $198.98 billion, a price-to-earnings ratio of 208.48, a PEG ratio of 5.60 and a beta of 3.93. Arm Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. ARM had a return on equity of 11.86% and a net margin of 17.13%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The business's revenue was up 27.1% compared to the same quarter last year. Sell-side analysts predict that Arm Holdings PLC Sponsored ADR will post 1.17 EPS for the current fiscal year.

ARM Profile

Arm Holdings plc designs and licenses semiconductor technology, including processor architectures and related intellectual property. Rather than manufacturing chips, the company licenses its designs and collects royalties on products that use them.

Arm's offerings include Cortex CPUs, Mali graphics processors, Neoverse infrastructure platforms and other technology for applications ranging from smartphones and consumer electronics to automotive systems, the Internet of Things and cloud computing.

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