ARM Holdings PLC Sponsored ADR $ARM Shares Acquired by CacheTech Inc.

Key Points

• CacheTech Inc. increased its stake in ARM Holdings PLC by 13.8%, now owning 26,431 shares valued at approximately $2.82 million.
• Multiple hedge funds have recently made significant adjustments to their ARM Holdings investments, with TFC Financial Management increasing its stake by 163.4%.
• ARM Holdings reported a quarterly earnings per share (EPS) of $0.35, exceeding analysts' expectations, and predicts a current year EPS of 0.9.

CacheTech Inc. boosted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 13.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,431 shares of the company's stock after purchasing an additional 3,214 shares during the quarter. CacheTech Inc.'s holdings in ARM were worth $2,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in ARM. Goldman Sachs Group Inc. grew its position in ARM by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after acquiring an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP purchased a new stake in shares of ARM in the 1st quarter valued at $170,287,000. Marshall Wace LLP bought a new position in shares of ARM during the 4th quarter valued at $51,901,000. American Century Companies Inc. raised its position in ARM by 112.3% in the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after purchasing an additional 372,081 shares during the period. Finally, Banque Transatlantique SA bought a new stake in ARM in the fourth quarter worth $37,440,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

ARM stock traded down $2.7690 during midday trading on Wednesday, reaching $131.2410. The company's stock had a trading volume of 5,301,540 shares, compared to its average volume of 5,464,553. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88. The stock has a market capitalization of $138.66 billion, a P/E ratio of 198.85, a PEG ratio of 9.43 and a beta of 4.17. The stock's 50-day simple moving average is $148.84 and its 200-day simple moving average is $133.02.

ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. ARM's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. As a group, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. BNP Paribas upgraded shares of ARM from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $110.00 to $210.00 in a research report on Wednesday, July 16th. Citigroup decreased their target price on ARM from $200.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Seaport Res Ptn upgraded shares of ARM to a "strong-buy" rating in a research report on Monday, August 11th. TD Cowen raised their price objective on shares of ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Barclays reduced their target price on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.