ARM Holdings PLC Sponsored ADR $ARM Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in ARM Holdings by 32.1% in the second quarter, now holding 6,386 shares valued at approximately $1,033,000.
• ARM reported $0.35 EPS for its recent quarter, slightly beating analysts' estimates, with a revenue of $1.05 billion, a 12.1% increase year-over-year.
• Equities analysts have varied opinions on ARM stock, with ratings ranging from "Strong Buy" to "Sell" and an average price target of $167.43.

US Bancorp DE lessened its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 32.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,386 shares of the company's stock after selling 3,013 shares during the quarter. US Bancorp DE's holdings in ARM were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TFC Financial Management Inc. lifted its holdings in shares of ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after buying an additional 165 shares during the period. Brooklyn Investment Group purchased a new position in shares of ARM in the 1st quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of ARM in the 1st quarter valued at about $34,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of ARM in the 2nd quarter valued at about $39,000. Finally, ORG Partners LLC purchased a new position in shares of ARM in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Price Performance

ARM stock opened at $165.61 on Friday. The business has a 50 day simple moving average of $146.98 and a 200-day simple moving average of $137.10. The firm has a market capitalization of $174.97 billion, a PE ratio of 250.92, a price-to-earnings-growth ratio of 11.16 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year 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, beating 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 return on equity of 15.56% and a net margin of 16.96%.The business's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a research note on Wednesday, July 16th. Rosenblatt Securities restated a "buy" rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, July 31st. Weiss Ratings restated a "hold (c)" rating on shares of ARM in a research note on Wednesday, October 8th. Needham & Company LLC restated a "hold" rating on shares of ARM in a research note on Thursday, July 31st. Finally, Seaport Res Ptn upgraded ARM to a "strong-buy" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $167.43.

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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