ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 20.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,515 shares of the company's stock after selling 8,460 shares during the quarter. Cetera Investment Advisers' holdings in ARM were worth $3,472,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ARM. National Bank of Canada FI boosted its stake in shares of ARM by 194.3% in the 4th quarter. National Bank of Canada FI now owns 27,080 shares of the company's stock valued at $3,341,000 after purchasing an additional 17,877 shares during the last quarter. Geode Capital Management LLC boosted its stake in ARM by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 108,531 shares of the company's stock worth $13,388,000 after acquiring an additional 848 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in ARM during the fourth quarter worth $2,561,000. Wells Fargo & Company MN raised its holdings in ARM by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 335,721 shares of the company's stock worth $41,414,000 after buying an additional 1,160 shares during the last quarter. Finally, KCM Investment Advisors LLC raised its holdings in ARM by 40.0% during the fourth quarter. KCM Investment Advisors LLC now owns 3,060 shares of the company's stock worth $377,000 after buying an additional 875 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Trading Down 2.0%

Shares of ARM traded down $2.82 during midday trading on Tuesday, reaching $137.23. 4,360,818 shares of the stock were exchanged, compared to its average volume of 5,495,868. The company's 50 day moving average is $147.27 and its two-hundred day moving average is $134.25. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $182.88. The company has a market capitalization of $144.98 billion, a P/E ratio of 207.92, a PEG ratio of 8.48 and a beta of 4.17.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BNP Paribas upgraded shares of ARM from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $110.00 to $210.00 in a report on Wednesday, July 16th. KeyCorp restated an "overweight" rating and set a $190.00 price objective (up previously from $175.00) on shares of ARM in a report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $180.00 target price on shares of ARM in a report on Thursday, July 31st. TD Cowen increased their price target on shares of ARM from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Barclays reduced their price target on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.86.

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.