ARM Holdings PLC Sponsored ADR $ARM Shares Sold by SBI Securities Co. Ltd.

Key Points

• SBI Securities trimmed its position in ARM by 8.4% in Q4, selling 9,897 shares and leaving it with 108,484 shares valued at about $11.86 million.
• Insider selling has been notable: CFO Jason Child and CEO Rene A. Haas sold shares on March 25, and insiders disposed of 83,712 shares worth $13.6 million over the past 90 days, reducing their holdings.
• Analysts show a "Moderate Buy" consensus with an average target of $176.71 (18 buys, 6 holds, 1 sell) and widely varying price targets from about $125 to $240, while the stock recently opened around $208.72.

SBI Securities Co. Ltd. trimmed its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,484 shares of the company's stock after selling 9,897 shares during the quarter. SBI Securities Co. Ltd.'s holdings in ARM were worth $11,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ARM. Amundi boosted its holdings in ARM by 24.8% in the 1st quarter. Amundi now owns 11,804 shares of the company's stock valued at $1,153,000 after purchasing an additional 2,345 shares during the last quarter. Empowered Funds LLC boosted its holdings in ARM by 28.8% in the 1st quarter. Empowered Funds LLC now owns 4,887 shares of the company's stock valued at $522,000 after purchasing an additional 1,094 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in ARM by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company's stock valued at $393,000 after purchasing an additional 200 shares during the last quarter. Bank of Nova Scotia acquired a new position in ARM in the 2nd quarter valued at about $556,000. Finally, State Street Corp boosted its holdings in ARM by 14.7% in the 2nd quarter. State Street Corp now owns 441,445 shares of the company's stock valued at $71,399,000 after purchasing an additional 56,656 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of ARM from $110.00 to $125.00 and gave the company a "sell" rating in a report on Thursday, April 9th. UBS Group decreased their target price on shares of ARM from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, February 5th. Guggenheim boosted their target price on shares of ARM from $201.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, March 25th. Rosenblatt Securities restated a "buy" rating and issued a $175.00 price objective on shares of ARM in a report on Wednesday, March 25th. Finally, Jefferies Financial Group set a $170.00 price objective on shares of ARM in a report on Thursday, February 5th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, ARM currently has a consensus rating of "Moderate Buy" and an average target price of $176.71.

ARM Stock Performance

Shares of ARM stock opened at $208.72 on Wednesday. The firm's 50 day moving average price is $150.26 and its 200-day moving average price is $137.61. ARM Holdings PLC Sponsored ADR has a one year low of $100.02 and a one year high of $237.68. The firm has a market cap of $220.51 billion, a P/E ratio of 278.29, a P/E/G ratio of 9.16 and a beta of 3.40.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. ARM had a net margin of 17.15% and a return on equity of 14.01%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.39 EPS. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.85 EPS for the current fiscal year.

Insider Activity at ARM

In other news, CFO Jason Child sold 21,280 shares of the company's stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $148.37, for a total value of $3,157,313.60. Following the transaction, the chief financial officer directly owned 174,706 shares in the company, valued at approximately $25,921,129.22. This represents a 10.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rene A. Haas sold 23,867 shares of the company's stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total transaction of $3,846,644.39. Following the completion of the transaction, the chief executive officer owned 290,965 shares in the company, valued at approximately $46,894,829.05. This represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 83,712 shares of company stock worth $13,614,730.

ARM Profile

Arm Limited NASDAQ: ARM is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm's product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.

Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.