B & T Capital Management DBA Alpha Capital Management Acquires 1,817 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 46.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,713 shares of the company's stock after purchasing an additional 1,817 shares during the quarter. B & T Capital Management DBA Alpha Capital Management's holdings in ARM were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Artisan Partners Limited Partnership increased its position in ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares during the last quarter. Schroder Investment Management Group increased its position in ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after acquiring an additional 464,719 shares during the last quarter. Marshall Wace LLP purchased a new stake in ARM during the fourth quarter valued at $51,901,000. Banque Transatlantique SA purchased a new stake in ARM during the fourth quarter valued at $37,440,000. Finally, Raymond James Financial Inc. purchased a new stake in ARM during the fourth quarter valued at $32,655,000. 7.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on ARM shares. Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Guggenheim upped 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. KeyCorp reduced their price target on ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. TD Cowen reduced their price target on ARM from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Rosenblatt Securities reduced their price target on ARM from $203.00 to $180.00 and set a "buy" rating for the company in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $154.00.

ARM Price Performance

Shares of NASDAQ:ARM traded down $2.61 during trading on Friday, hitting $145.94. The company had a trading volume of 3,949,319 shares, compared to its average volume of 6,089,913. The stock has a market cap of $154.59 billion, a price-to-earnings ratio of 194.59, a price-to-earnings-growth ratio of 6.82 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $183.74. The company has a fifty day simple moving average of $138.50 and a two-hundred day simple moving average of $132.44.

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

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.