B. Metzler seel. Sohn & Co. AG Sells 11,978 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in ARM by 69.6% in Q4, selling 11,978 shares and leaving 5,225 shares valued at $571,000.
• Insiders including CEO Rene A. Haas and CFO Jason Child sold shares under pre-arranged Rule 10b5-1 plans (9,299 and 21,280 shares respectively), with insiders offloading 83,712 shares worth $13.6M in the last quarter.
• Analysts hold a consensus "Moderate Buy" on ARM with a $174.83 target (18 Buys, 6 Holds, 1 Sell), while shares trade near $215.88 after a recent quarterly earnings beat and 26.3% year-over-year revenue growth.

B. Metzler seel. Sohn & Co. AG lessened its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,225 shares of the company's stock after selling 11,978 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in ARM were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ARM. GAMMA Investing LLC grew its position in shares of ARM by 126.0% during the 3rd quarter. GAMMA Investing LLC now owns 174 shares of the company's stock valued at $25,000 after acquiring an additional 97 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in shares of ARM during the 3rd quarter valued at $28,000. FWL Investment Management LLC bought a new stake in shares of ARM during the 2nd quarter valued at $34,000. Strategic Investment Solutions Inc. IL grew its position in shares of ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company's stock valued at $40,000 after acquiring an additional 200 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of ARM during the 4th quarter valued at $43,000. Institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARM shares. HSBC raised shares of ARM from a "reduce" rating to a "buy" rating and boosted their price objective for the company from $90.00 to $205.00 in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of ARM from $125.00 to $140.00 and gave the company a "hold" rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. cut their price objective on shares of ARM from $180.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, February 5th. Weiss Ratings reissued a "hold (c)" rating on shares of ARM in a research report on Monday, April 20th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $175.00 price objective on shares of ARM in a research report on Wednesday, March 25th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ARM currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.83.

Insider Buying and Selling at ARM

In other ARM news, CEO Rene A. Haas sold 9,299 shares of the business's stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $160.85, for a total value of $1,495,744.15. Following the sale, the chief executive officer owned 273,680 shares in the company, valued at $44,021,428. The trade was a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jason Child sold 21,280 shares of the business's stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $180.00, for a total transaction of $3,830,400.00. Following the completion of the sale, the chief financial officer owned 153,426 shares in the company, valued at approximately $27,616,680. The trade was a 12.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 83,712 shares of company stock worth $13,614,730.

ARM Stock Performance

Shares of ARM stock opened at $215.88 on Tuesday. The company has a market capitalization of $228.08 billion, a P/E ratio of 287.84, a P/E/G ratio of 10.58 and a beta of 3.33. The company has a fifty day moving average of $144.01 and a 200 day moving average of $136.53. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $237.68.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. ARM had a net margin of 17.15% and a return on equity of 14.01%. ARM's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. Analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.85 EPS for the current year.

ARM Company Profile

Arm Limited NASDAQ: ARM is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm's product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.

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