B. Metzler seel. Sohn & Co. AG Sells 3,247 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in ARM Holdings PLC by 18.3%, selling 3,247 shares and holding a total of 14,453 shares worth approximately $1.54 million.
• Goldman Sachs Group significantly increased its stake in ARM by 59.3%, making it a major institutional investor with 6.57 million shares valued around $702 million.
• ARM's stock experienced a decline of 3.0% and currently trades at about $138.31, amid analyst predictions of a 0.9 EPS for the current fiscal year.

B. Metzler seel. Sohn & Co. AG decreased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 18.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 14,453 shares of the company's stock after selling 3,247 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in ARM were worth $1,543,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in ARM by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after acquiring an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP bought a new stake in ARM in the 1st quarter valued at approximately $170,287,000. Polar Capital Holdings Plc lifted its stake in ARM by 11.3% in the 4th quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock valued at $94,240,000 after acquiring an additional 77,420 shares in the last quarter. American Century Companies Inc. lifted its stake in ARM by 112.3% in the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock valued at $75,112,000 after acquiring an additional 372,081 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in ARM by 9.5% in the 1st quarter. Invesco Ltd. now owns 576,020 shares of the company's stock valued at $61,513,000 after acquiring an additional 49,805 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Trading Down 3.0%

ARM stock opened at $138.31 on Friday. The firm has a market capitalization of $146.13 billion, a PE ratio of 209.56, a PEG ratio of 9.53 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $182.88. The business's 50 day simple moving average is $148.11 and its 200 day simple moving average is $131.84.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.The firm's revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. As a group, sell-side analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARM. Bank of America lowered their price target on ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Guggenheim boosted their price target on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, July 31st. Benchmark reaffirmed a "hold" rating on shares of ARM in a research report on Monday, June 9th. Finally, Raymond James Financial boosted their price target on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ARM currently has a consensus rating of "Moderate Buy" and an average target price of $169.67.

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.

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