Deutsche Bank AG Grows Stock Position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Deutsche Bank AG boosted its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 13.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,743 shares of the company's stock after buying an additional 28,244 shares during the period. Deutsche Bank AG's holdings in ARM were worth $24,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. GeoWealth Management LLC grew its stake in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. TFC Financial Management Inc. grew its stake in ARM by 163.4% during the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 165 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in ARM during the 1st quarter valued at about $34,000. Colonial Trust Co SC purchased a new stake in ARM during the 4th quarter valued at about $40,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ARM during the 1st quarter valued at about $53,000. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Trading Down 1.2%

ARM stock traded down $1.64 during midday trading on Friday, hitting $138.91. 3,428,076 shares of the company's stock were exchanged, compared to its average volume of 5,261,183. The business has a 50-day simple moving average of $148.92 and a two-hundred day simple moving average of $133.38. The stock has a market capitalization of $146.76 billion, a PE ratio of 210.47, a P/E/G ratio of 9.39 and a beta of 4.17. 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 issued its quarterly earnings data 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 business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. As a group, research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

ARM has been the topic of several research analyst reports. TD Cowen boosted their price target on ARM from $155.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. lowered their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Citigroup lowered their target price on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Mizuho upped their target price on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Finally, Benchmark reiterated a "hold" rating on shares of ARM in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, ARM currently has a consensus rating of "Moderate Buy" and an average target price of $169.67.

About ARM

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.