Defender Capital LLC. Has $7.30 Million Stake in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Defender Capital cut its ARM stake by 79.2% in the second quarter, selling 78,359 shares and retaining 20,581 shares valued at approximately $7.30 million. ARM remains about 2.4% of the fund’s portfolio.
• Analysts maintain a generally positive outlook, with 18 Buy, seven Hold and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $285.33.
• ARM reported quarterly EPS of $0.45 versus the $0.40 estimate and revenue of $1.29 billion, up 22.4% year over year; however, the stock recently traded down 5.2% and insiders sold roughly $41.1 million of shares last quarter.

Defender Capital LLC. trimmed its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 79.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,581 shares of the company's stock after selling 78,359 shares during the period. ARM accounts for about 2.4% of Defender Capital LLC.'s investment portfolio, making the stock its 13th biggest holding. Defender Capital LLC.'s holdings in ARM were worth $7,297,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ARM. Syntax Research Inc. acquired a new stake in ARM during the 1st quarter worth $30,000. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of ARM in the 1st quarter valued at $30,000. Allied Private Wealth LLC acquired a new position in shares of ARM in the 2nd quarter valued at $71,000. FWL Investment Management LLC bought a new position in shares of ARM in the 2nd quarter worth $34,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of ARM in the 1st quarter worth $40,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARM has been the subject of a number of recent analyst reports. Guggenheim reiterated a "buy" rating and issued a $255.00 price objective on shares of ARM in a report on Thursday, July 30th. Royal Bank Of Canada reduced their target price on ARM from $475.00 to $340.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. UBS Group decreased their target price on ARM from $360.00 to $320.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. KeyCorp upped their price target on ARM from $300.00 to $430.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Finally, Benchmark assumed coverage on shares of ARM in a research report on Thursday, July 16th. They issued a "hold" rating on the stock. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $285.33.

ARM Trading Down 5.2%

ARM stock opened at $267.85 on Tuesday. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The firm has a market cap of $286.09 billion, a PE ratio of 276.14, a P/E/G ratio of 8.38 and a beta of 3.91. The business's 50-day moving average price is $320.70 and its two-hundred day moving average price is $220.62.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. ARM had a return on equity of 12.24% and a net margin of 20.25%.The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company's revenue for the quarter was up 22.4% compared to the same quarter last year. On average, analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current year.

Insiders Place Their Bets

In other ARM news, insider Charlotte Claire Eaton sold 7,805 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $290.01, for a total transaction of $2,263,528.05. Following the sale, the insider directly owned 5,000 shares in the company, valued at approximately $1,450,050. This trade represents a 60.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Laura Kathleen Bartels sold 11,306 shares of ARM stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the completion of the transaction, the chief accounting officer directly owned 12,135 shares in the company, valued at approximately $4,765,414.50. The trade was a 48.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,088 shares of company stock valued at $41,099,903 in the last quarter.

About ARM

Arm Limited NASDAQ: ARM is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm's product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.

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