Cambridge Investment Research Advisors Inc. Raises Stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Cambridge Investment Research Advisors Inc. lifted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,720 shares of the company's stock after purchasing an additional 4,810 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in ARM were worth $11,717,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARM. Artisan Partners Limited Partnership increased its stake in ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after purchasing an additional 860,716 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after buying an additional 791,392 shares during the last quarter. Schroder Investment Management Group increased its position in ARM by 17.9% in the 4th 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 period. Marshall Wace LLP purchased a new stake in ARM during the 4th quarter valued at approximately $51,901,000. Finally, Banque Transatlantique SA purchased a new stake in ARM during the 4th quarter valued at approximately $37,440,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Ratings Changes

ARM has been the topic of several analyst reports. Raymond James Financial lowered their target price on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a report on Thursday, May 8th. KeyCorp dropped their price objective on shares of ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley cut their price objective on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, Rosenblatt Securities reduced their target price on shares of ARM from $203.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

ARM Trading Up 0.6%

Shares of NASDAQ:ARM traded up $0.90 during midday trading on Wednesday, hitting $157.31. 4,735,797 shares of the stock were exchanged, compared to its average volume of 6,285,903. The stock has a market cap of $166.63 billion, a P/E ratio of 209.75, a PEG ratio of 6.86 and a beta of 4.08. The company has a 50 day moving average price of $126.63 and a 200-day moving average price of $131.04. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.23 billion. During the same period last year, the company posted $0.36 EPS. The company's revenue was up 33.7% on a year-over-year basis. On average, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current 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.