CW Advisors LLC Makes New $255,000 Investment in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• CW Advisors LLC has acquired a $255,000 stake in ARM Holdings PLC, purchasing 2,356 shares of the company's stock during the first quarter.
• A number of institutional investors have recently increased their positions in ARM, with Goldman Sachs Group Inc. boosting its holdings by 59.3%, now owning over $702 million in ARM stock.
• ARM's stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target at $169.67.

CW Advisors LLC acquired a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,356 shares of the company's stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TFC Financial Management Inc. lifted its stake in shares of 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 acquiring an additional 165 shares during the period. Brooklyn Investment Group acquired a new position in shares of ARM during the first quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of ARM during the first quarter valued at $34,000. Colonial Trust Co SC acquired a new position in shares of ARM during the fourth quarter valued at $40,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of ARM during the first quarter valued at $53,000. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ARM. Mizuho upped their price target on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. BNP Paribas raised ARM from a "neutral" rating to an "outperform" rating and upped their price target for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. Citigroup cut their price target on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Barclays cut their price target on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $190.00 price target (up previously from $175.00) on shares of ARM in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $169.67.

ARM Stock Down 3.0%

NASDAQ ARM traded down $4.24 on Monday, reaching $138.31. The company had a trading volume of 3,604,155 shares, compared to its average volume of 3,831,891. The stock's 50 day moving average is $148.11 and its 200-day moving average is $131.45. The stock has a market cap of $146.13 billion, a price-to-earnings ratio of 209.56, a PEG ratio of 9.24 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the company posted $0.40 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

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.