ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Shares Bought by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. raised its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 208.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 151,321 shares of the company's stock after purchasing an additional 102,310 shares during the period. ARM comprises approximately 1.9% of Dock Street Asset Management Inc.'s portfolio, making the stock its 17th biggest holding. Dock Street Asset Management Inc.'s holdings in ARM were worth $16,160,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its stake in shares of ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after acquiring an additional 464,719 shares during the last quarter. Marshall Wace LLP acquired a new stake in ARM in the 4th quarter worth about $51,901,000. Banque Transatlantique SA acquired a new stake in ARM in the 4th quarter worth about $37,440,000. Finally, Raymond James Financial Inc. acquired a new stake in ARM in the 4th quarter worth about $32,655,000. Institutional investors and hedge funds own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARM. JPMorgan Chase & Co. decreased their price target on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. KeyCorp decreased their price target on ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Cfra Research raised ARM to a "hold" rating in a research note on Friday, March 21st. Bank of America decreased their price target on ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, UBS Group cut their price objective on ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

ARM Stock Down 1.8%

ARM stock opened at $145.94 on Friday. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $183.74. The stock's 50 day moving average is $138.50 and its two-hundred day moving average is $132.44. The company has a market capitalization of $154.59 billion, a PE ratio of 194.59, a P/E/G ratio of 6.70 and a beta of 4.19.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a return on equity of 17.97% and a net margin of 19.76%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.36 EPS. ARM's revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

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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