Banque Pictet & Cie SA Buys New Stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Banque Pictet & Cie SA 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 disclosure with the Securities & Exchange Commission. The firm bought 1,873 shares of the company's stock, valued at approximately $200,000.

Other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group grew its stake in shares of ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after buying an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after buying an additional 860,716 shares in the last quarter. FMR LLC grew its stake in shares of ARM by 6.4% in the 4th quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after buying an additional 133,034 shares in the last quarter. First Trust Advisors LP grew its stake 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 buying an additional 16,400 shares in the last quarter. Finally, Polar Capital Holdings Plc grew its stake 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 buying an additional 77,420 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Performance

NASDAQ:ARM opened at $145.94 on Friday. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $183.74. The firm has a market cap of $154.59 billion, a P/E ratio of 194.59, a P/E/G ratio of 6.82 and a beta of 4.19. The firm has a 50-day simple moving average of $138.50 and a 200-day simple moving average of $132.44.

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 the consensus estimate of $0.52 by $0.03. ARM had a net margin of 19.76% and a return on equity of 17.97%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The company's quarterly revenue was up 33.7% compared to the same quarter last year. On average, research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ARM. JPMorgan Chase & Co. decreased their price target on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company decreased their price target on ARM from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Citigroup lowered their target price on shares of ARM from $200.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of ARM in a report on Thursday, May 8th. Finally, KGI Securities assumed coverage on shares of ARM in a report on Tuesday, April 15th. They issued a "neutral" rating for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $154.00.

ARM 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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