UNICOM Systems Inc. Trims Stock Position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

UNICOM Systems Inc. reduced its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,000 shares of the company's stock after selling 21,840 shares during the period. ARM comprises approximately 1.9% of UNICOM Systems Inc.'s holdings, making the stock its 11th largest position. UNICOM Systems Inc.'s holdings in ARM were worth $9,504,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in ARM by 41.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,191 shares of the company's stock worth $3,231,000 after purchasing an additional 7,734 shares during the period. PNC Financial Services Group Inc. grew its position in ARM by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,551 shares of the company's stock worth $1,302,000 after purchasing an additional 559 shares during the period. Amundi bought a new stake in ARM in the 4th quarter worth approximately $1,167,000. Farther Finance Advisors LLC grew its position in ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after purchasing an additional 453 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in ARM by 17.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 51,341 shares of the company's stock worth $6,333,000 after purchasing an additional 7,695 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARM. Barclays cut their price objective on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group started coverage on shares of ARM in a report on Thursday, July 10th. They issued a "neutral" rating and a $160.00 target price for the company. BNP Paribas Exane raised shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a report on Wednesday. Raymond James Financial dropped their target price on shares of ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.87.

ARM Price Performance

Shares of NASDAQ ARM traded up $6.79 during mid-day trading on Wednesday, hitting $153.90. 7,399,338 shares of the company's stock traded hands, compared to its average volume of 6,077,616. The company's 50-day moving average is $139.44 and its two-hundred day moving average is $132.67. The company has a market capitalization of $162.60 billion, a P/E ratio of 205.20, a PEG ratio of 6.64 and a beta of 4.19. 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 data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. ARM had a net margin of 19.76% and a return on equity of 17.97%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $0.36 EPS. The firm's revenue for the quarter was up 33.7% on a year-over-year basis. Equities analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

ARM Company 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.