China Universal Asset Management Co. Ltd. Sells 3,650 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

China Universal Asset Management Co. Ltd. reduced its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 53.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,234 shares of the company's stock after selling 3,650 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in ARM were worth $345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TFC Financial Management Inc. raised its position in ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 165 shares during the last quarter. GeoWealth Management LLC raised its position in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after purchasing an additional 92 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of ARM during the 4th quarter worth approximately $40,000. MorganRosel Wealth Management LLC acquired a new stake in shares of ARM during the 1st quarter worth approximately $53,000. Finally, Valley National Advisers Inc. grew its position in shares of ARM by 24.5% during the 1st quarter. Valley National Advisers Inc. now owns 763 shares of the company's stock worth $81,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Price Performance

NASDAQ ARM traded down $2.61 on Friday, hitting $145.94. 3,939,142 shares of the stock were exchanged, compared to its average volume of 6,108,092. The business's fifty day moving average is $138.05 and its 200 day moving average is $132.34. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $187.28. The company has a market capitalization of $154.59 billion, a PE ratio of 194.59, a P/E/G ratio of 6.80 and a beta of 4.19.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a net margin of 19.76% and a return on equity of 17.97%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The company's quarterly revenue was up 33.7% compared to the same quarter last year. Analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ARM has been the subject of several analyst reports. Cfra Research upgraded shares of ARM to a "hold" rating in a research report on Friday, March 21st. KGI Securities initiated coverage on shares of ARM in a research report on Tuesday, April 15th. They set a "neutral" rating for the company. Mizuho lifted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Raymond James Financial decreased their price objective on shares of ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, Guggenheim upped their price target on shares of ARM from $147.00 to $187.00 and gave the company a "buy" rating in a report on Monday, June 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and an average target price of $154.00.

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.