Gilbert & Cook Inc. Buys 2,353 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Key Points

• Gilbert & Cook Inc. increased its stake in ARM Holdings PLC by 98.4%, acquiring an additional 2,353 shares, bringing its total holdings to 4,745 shares valued at $507,000.
• ARM's stock traded up 2.0%, reaching $163.17, with a market capitalization of $172.39 billion and a price-to-earnings ratio of 217.56.
• In their latest quarterly earnings report, ARM exceeded analysts' expectations with an EPS of $0.55 and reported a 33.7% year-over-year revenue increase to $1.24 billion.

Gilbert & Cook Inc. increased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 98.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,745 shares of the company's stock after buying an additional 2,353 shares during the quarter. Gilbert & Cook Inc.'s holdings in ARM were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sustainable Growth Advisers LP acquired a new stake in shares of ARM during the first quarter worth $170,287,000. Artisan Partners Limited Partnership raised its position 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 worth $327,088,000 after purchasing an additional 860,716 shares during the period. Schroder Investment Management Group raised its position 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 worth $376,782,000 after purchasing an additional 464,719 shares during the period. Marshall Wace LLP acquired a new stake in shares of ARM during the fourth quarter worth $51,901,000. Finally, Banque Transatlantique SA acquired a new stake in shares of ARM during the fourth quarter worth $37,440,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Trading Up 2.0%

ARM traded up $3.18 during midday trading on Friday, reaching $163.17. The company's stock had a trading volume of 3,144,893 shares, compared to its average volume of 4,651,463. The firm has a market capitalization of $172.39 billion, a price-to-earnings ratio of 217.56, a PEG ratio of 9.23 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. The stock's 50-day moving average is $144.61 and its 200-day moving average is $134.06.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating 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 firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The business's revenue for the quarter was up 33.7% on a year-over-year basis. As a group, equities research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ARM has been the topic of several recent analyst reports. KeyCorp dropped their price target on ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Loop Capital dropped their price target on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Barclays dropped their price target on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Benchmark reaffirmed a "hold" rating on shares of ARM in a research report on Monday, June 9th. Finally, Mizuho upped their target price on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and an average target price of $161.04.

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.