Bosman Wealth Management LLC Has $547,000 Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Bosman Wealth Management LLC reduced its holdings in ARM Holdings PLC by 37.8% during the second quarter, now owning 3,384 shares valued at $547,000.
• Goldman Sachs Group Inc. increased its stake in ARM by 59.3% in the first quarter, owning over 6.5 million shares valued at $702 million.
• Analysts have varying outlooks on ARM, with one "Strong Buy" rating and multiple "Buy" ratings as well as a consensus target price of $168.52.

Bosman Wealth Management LLC cut its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 37.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,384 shares of the company's stock after selling 2,054 shares during the quarter. Bosman Wealth Management LLC's holdings in ARM were worth $547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. grew 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 buying an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP acquired a new position in ARM in the 1st quarter valued at $170,287,000. American Century Companies Inc. grew 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 buying an additional 372,081 shares during the last quarter. Invesco Ltd. grew 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 buying an additional 49,805 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC grew its stake in ARM by 1.2% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 477,289 shares of the company's stock valued at $77,197,000 after buying an additional 5,762 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARM has been the topic of several research analyst reports. Seaport Res Ptn upgraded shares of ARM to a "strong-buy" rating in a research report on Monday, August 11th. UBS Group decreased their price target on shares of ARM from $185.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. KeyCorp restated an "overweight" rating and issued a $190.00 price target (up from $175.00) on shares of ARM in a research report on Thursday, July 31st. The Goldman Sachs Group initiated coverage on shares of ARM in a research report on Thursday, July 10th. They issued a "neutral" rating and a $160.00 price target on the stock. Finally, Raymond James Financial raised their price target on shares of ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and a consensus target price of $168.52.

ARM Stock Performance

Shares of ARM stock opened at $139.80 on Tuesday. The firm's 50-day simple moving average is $143.87 and its 200-day simple moving average is $133.02. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The firm has a market cap of $147.70 billion, a P/E ratio of 211.82, a price-to-earnings-growth ratio of 9.33 and a beta of 4.17.

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

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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