Arm Holdings PLC Sponsored ADR $ARM Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its ARM stake by 87.5% in the third quarter, selling 87,629 shares and retaining 12,551 shares valued at approximately $3.64 million.
• Analysts remain broadly positive, with ARM holding a consensus “Moderate Buy” rating and an average price target of $303.32, despite mixed individual target adjustments.
• ARM reported quarterly earnings and revenue above analyst expectations, with revenue rising 22.4% year over year; CFO Jason Child also sold 10,400 shares under a pre-arranged trading plan.

Robeco Institutional Asset Management B.V. cut its stake in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 87.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,551 shares of the company's stock after selling 87,629 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in ARM were worth $3,636,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. LCM Capital Management Inc raised its stake in ARM by 10.2% in the 3rd quarter. LCM Capital Management Inc now owns 1,380 shares of the company's stock worth $400,000 after acquiring an additional 128 shares during the last quarter. Hyperion Asset Management Ltd lifted its position in ARM by 36.9% during the 3rd quarter. Hyperion Asset Management Ltd now owns 727,273 shares of the company's stock worth $210,662,000 after acquiring an additional 195,942 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in ARM by 19.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,800 shares of the company's stock worth $2,549,000 after acquiring an additional 1,436 shares during the period. SteelPeak Wealth LLC grew its stake in ARM by 11.0% during the 3rd quarter. SteelPeak Wealth LLC now owns 931 shares of the company's stock valued at $270,000 after purchasing an additional 92 shares during the last quarter. Finally, KRS Capital Management LLC grew its stake in ARM by 8.4% during the 3rd quarter. KRS Capital Management LLC now owns 1,568 shares of the company's stock valued at $454,000 after purchasing an additional 121 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America reissued a "neutral" rating and issued a $335.00 price objective (up from $245.00) on shares of ARM in a report on Thursday, July 30th. Wells Fargo & Company decreased their target price on ARM from $350.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Piper Sandler started coverage on ARM in a report on Wednesday, September 9th. They set an "overweight" rating and a $320.00 target price for the company. New Street Research upgraded ARM from a "neutral" rating to a "buy" rating and set a $260.00 target price on the stock in a research report on Thursday, July 30th. Finally, Benchmark assumed coverage on shares of ARM in a report on Thursday, July 16th. They issued a "hold" rating on the stock. One research 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 given a Sell rating to the stock. According to data from MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and a consensus target price of $303.32.

Insider Buying and Selling at ARM

In other news, CFO Jason Child sold 10,400 shares of the business's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $300.00, for a total value of $3,120,000.00. Following the completion of the transaction, the chief financial officer owned 153,442 shares of the company's stock, valued at $46,032,600. The trade was a 6.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Price Performance

Shares of ARM stock opened at $210.33 on Monday. The stock has a market cap of $224.65 billion, a PE ratio of 216.84, a price-to-earnings-growth ratio of 6.24 and a beta of 3.78. The firm has a fifty day moving average price of $261.86 and a 200 day moving average price of $272.67. Arm Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $452.70.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. The firm's revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, equities analysts expect that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current year.

About ARM

Arm Holdings plc NASDAQ: ARM is a semiconductor and software design company that develops central processing unit (CPU) architectures and related intellectual property. Rather than manufacturing chips itself, Arm licenses its designs and instruction-set architectures to semiconductor companies and technology manufacturers, which incorporate them into their own products.

The company's offerings include CPU processor cores, graphics processing units through its Mali product family, system IP, development tools and software.

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