Banque Cantonale Vaudoise Invests $768,000 in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Key Points

• Banque Cantonale Vaudoise invested $768,000 in ARM Holdings PLC, acquiring 7,193 shares during the 1st quarter, reflecting increased institutional interest in the company.
• Analysts have set a consensus price target of $165.13 for ARM, with ratings ranging from "sell" to "strong buy," indicating varied investor sentiment.
• ARM's recent earnings report showed a net margin of 16.96% and a revenue growth of 12.1% year-over-year, although EPS declined from $0.40 to $0.35 compared to the previous year.

Banque Cantonale Vaudoise bought a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,193 shares of the company's stock, valued at approximately $768,000.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC lifted its position in ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock valued at $271,293,000 after purchasing an additional 133,034 shares during the last quarter. Sustainable Growth Advisers LP bought a new stake in ARM during the first quarter valued at approximately $170,287,000. First Trust Advisors LP lifted its holdings in shares of ARM by 1.9% in the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock worth $109,644,000 after acquiring an additional 16,400 shares during the last quarter. Polar Capital Holdings Plc lifted its holdings in shares of ARM by 11.3% in the 4th quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock worth $94,240,000 after acquiring an additional 77,420 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of ARM by 11.7% in the 4th quarter. Invesco Ltd. now owns 526,215 shares of the company's stock worth $64,914,000 after acquiring an additional 55,163 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ARM has been the subject of a number of recent research reports. Raymond James Financial boosted their price objective on shares of ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price objective for the company in a report on Wednesday, July 16th. UBS Group lowered their price objective on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a report on Thursday. Needham & Company LLC restated a "hold" rating on shares of ARM in a report on Thursday. Finally, Barclays lowered their price objective on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.86.

ARM Price Performance

ARM stock traded up $2.47 during mid-day trading on Monday, reaching $140.05. 4,845,674 shares of the company traded hands, compared to its average volume of 5,575,924. The firm's 50 day moving average price is $147.01 and its 200 day moving average price is $134.31. The firm has a market capitalization of $147.96 billion, a price-to-earnings ratio of 212.20, a P/E/G ratio of 8.13 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company's quarterly 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. On average, sell-side analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS 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.