Banque Transatlantique SA Sells 170,786 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Banque Transatlantique SA significantly reduced its stake in ARM Holdings by 57.2%, ending the first quarter with 127,828 shares worth approximately $12.6 million after selling 170,786 shares.
• ARM shares received mixed analyst ratings, with a target price increase from $145 to $175 by Wells Fargo, while Citigroup lowered its target from $200 to $170.
• In its most recent earnings report, ARM posted an EPS of $0.35, surpassing expectations, with a net margin of 16.96% and a revenue growth of 12.1% year-over-year.

Banque Transatlantique SA trimmed its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 57.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,828 shares of the company's stock after selling 170,786 shares during the period. Banque Transatlantique SA's holdings in ARM were worth $12,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in ARM by 59.3% in the first 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 in the last quarter. Sustainable Growth Advisers LP bought a new stake in ARM in the first quarter worth $170,287,000. Polar Capital Holdings Plc boosted its holdings in ARM by 11.3% in the fourth quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock worth $94,240,000 after acquiring an additional 77,420 shares in the last quarter. American Century Companies Inc. boosted its holdings in ARM by 112.3% in the first quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after acquiring an additional 372,081 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in ARM by 9.5% in the first quarter. Invesco Ltd. now owns 576,020 shares of the company's stock worth $61,513,000 after acquiring an additional 49,805 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of NASDAQ:ARM traded up $2.69 during midday trading on Friday, reaching $138.17. 2,815,559 shares of the company's stock traded hands, compared to its average volume of 3,609,340. 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 50 day moving average of $145.89 and a 200 day moving average of $130.99. The company has a market cap of $145.98 billion, a price-to-earnings ratio of 209.35, a P/E/G ratio of 9.05 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. ARM's revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ARM has been the topic of several analyst reports. Mizuho boosted their target price on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Seaport Res Ptn raised ARM to a "strong-buy" rating in a report on Monday, August 11th. TD Cowen boosted their target price on ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on ARM in a report on Thursday, July 10th. They set a "neutral" rating and a $160.00 price target on the stock. Finally, Guggenheim upped their price target on ARM from $147.00 to $187.00 and gave the company a "buy" rating in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.67.

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.