Cwm LLC Raises Stock Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

CWM LLC grew its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,737 shares of the company's stock after acquiring an additional 9,621 shares during the quarter. CWM LLC's holdings in ARM were worth $13,641,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. TFC Financial Management Inc. boosted its position in shares of ARM by 163.4% during the 1st 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 last quarter. GeoWealth Management LLC lifted 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 buying an additional 92 shares during the last quarter. Colonial Trust Co SC bought a new stake in ARM in the 4th quarter worth approximately $40,000. MorganRosel Wealth Management LLC bought a new stake in ARM in the 1st quarter worth approximately $53,000. Finally, Valley National Advisers Inc. lifted its position in ARM by 24.5% in 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 last quarter. Institutional investors own 7.53% of the company's stock.

Wall Street Analyst Weigh In

ARM has been the subject of a number of recent research reports. Guggenheim boosted their target price on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. UBS Group dropped their target price on ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Loop Capital dropped their target price on ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Barclays dropped their target price on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group assumed coverage on ARM in a research report on Thursday, July 10th. They issued a "neutral" rating and a $160.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and an average target price of $158.87.

ARM Stock Performance

Shares of ARM stock traded up $6.79 during midday trading on Wednesday, reaching $153.90. 7,438,057 shares of the company's stock traded hands, compared to its average volume of 6,079,046. The company has a market cap of $162.60 billion, a PE ratio of 205.20, a price-to-earnings-growth ratio of 6.75 and a beta of 4.19. The stock has a 50 day moving average of $140.04 and a 200-day moving average of $132.81. ARM Holdings PLC Sponsored ADR has a 12 month low of $80.00 and a 12 month high of $182.88.

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