Robeco Schweiz AG Sells 66,714 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Robeco Schweiz AG reduced its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 778,291 shares of the company's stock after selling 66,714 shares during the quarter. ARM comprises approximately 2.0% of Robeco Schweiz AG's holdings, making the stock its 12th largest position. Robeco Schweiz AG owned 0.07% of ARM worth $83,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ARM. GeoWealth Management LLC boosted its position in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after acquiring an additional 92 shares during the period. TFC Financial Management Inc. lifted its holdings in shares of ARM by 163.4% in the first 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. Colonial Trust Co SC acquired a new stake in shares of ARM in the fourth quarter valued at $40,000. MorganRosel Wealth Management LLC acquired a new stake in shares of ARM in the first quarter valued at $53,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of ARM by 24.5% during the first quarter. Valley National Advisers Inc. now owns 763 shares of the company's stock valued at $81,000 after purchasing an additional 150 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

Shares of ARM stock traded down $2.61 during midday trading on Friday, hitting $145.94. 3,949,319 shares of the company were exchanged, compared to its average volume of 6,089,913. The firm has a market cap of $154.59 billion, a P/E ratio of 140.14, a PEG ratio of 6.82 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $183.74. The firm has a 50 day simple moving average of $138.05 and a 200-day simple moving average of $132.34.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ARM shares. Raymond James Financial reduced their price objective on ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Guggenheim increased their price objective on ARM from $147.00 to $187.00 and gave the company a "buy" rating in a report on Monday, June 30th. Morgan Stanley lowered their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. KeyCorp lowered their target price on ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Bank of America lowered their target price on ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ARM has an average rating of "Moderate Buy" and a consensus price target of $154.00.

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.