Caxton Associates LLP Buys New Position in ARM Holdings PLC Sponsored ADR $ARM

Caxton Associates LLP 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,969 shares of the company's stock, valued at approximately $1,492,000.

Other large investors also recently added to or reduced their stakes in the company. TFC Financial Management Inc. grew its position in ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after buying an additional 165 shares during the period. Brooklyn Investment Group bought a new position in shares of ARM in the first quarter worth approximately $28,000. N.E.W. Advisory Services LLC bought a new position in shares of ARM in the first quarter worth approximately $34,000. MorganRosel Wealth Management LLC bought a new position in shares of ARM in the first quarter worth approximately $53,000. Finally, Pandora Wealth Inc. bought a new position in shares of ARM in the first quarter worth approximately $53,000. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

ARM stock opened at $140.80 on Wednesday. The company has a market capitalization of $148.76 billion, a PE ratio of 213.33, a P/E/G ratio of 9.30 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 12 month low of $80.00 and a 12 month high of $182.88. The firm's 50-day moving average is $145.13 and its 200 day moving average is $130.72.

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 company 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 firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. Sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of recent analyst reports. 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 for the company. Raymond James Financial upped 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. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a research report on Wednesday, July 16th. Loop Capital dropped their target price 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. Finally, Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.67.

ARM Company 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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