Blair William & Co. IL Raises Stock Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Key Points

• Blair William & Co. IL increased their ownership in ARM Holdings by 14.3% in Q1, purchasing an additional 11,056 shares to bring their total to 88,436 shares valued at approximately $9.44 million.
• Analysts have mixed opinions on ARM, with price targets varying significantly; Guggenheim raised its target to $187 while JPMorgan lowered it to $150, showing the stock's average rating of "Moderate Buy".
• ARM's recent earnings report showed $0.35 EPS and revenue of $1.05 billion, marking a 12.1% revenue increase year-over-year, although it fell slightly short of estimates.

Blair William & Co. IL raised its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,436 shares of the company's stock after purchasing an additional 11,056 shares during the period. Blair William & Co. IL's holdings in ARM were worth $9,444,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ARM. National Bank of Canada FI increased its stake in shares of ARM by 194.3% in the fourth quarter. National Bank of Canada FI now owns 27,080 shares of the company's stock worth $3,341,000 after purchasing an additional 17,877 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ARM by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 108,531 shares of the company's stock worth $13,388,000 after purchasing an additional 848 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of ARM in the fourth quarter worth about $2,561,000. Wells Fargo & Company MN increased its stake in shares of ARM by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 335,721 shares of the company's stock worth $41,414,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of ARM by 0.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock worth $5,320,000 after purchasing an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of analyst reports. Guggenheim raised their price objective on shares of ARM from $147.00 to $187.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Benchmark restated a "hold" rating on shares of ARM in a research report on Monday, June 9th. UBS Group cut their price objective on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Rosenblatt Securities restated a "buy" rating and issued a $180.00 price objective on shares of ARM in a research report on Thursday, July 31st. Finally, Loop Capital cut their price objective on shares of ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and a consensus price target of $167.86.

ARM Stock Performance

ARM stock traded up $2.93 during mid-day trading on Friday, hitting $138.50. 3,473,779 shares of the company traded hands, compared to its average volume of 5,508,053. The stock has a market cap of $146.33 billion, a price-to-earnings ratio of 141.22, a price-to-earnings-growth ratio of 9.06 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $182.88. The stock has a fifty day moving average price of $147.50 and a 200-day moving average price of $134.19.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm 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 business's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Sell-side analysts predict 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.