Defender Capital LLC. Invests $17.30 Million in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Defender Capital LLC invested approximately $17.30 million in ARM Holdings by acquiring 106,985 shares, making it the 8th largest position in its investment portfolio.
• ARM Holdings' shares saw an 11.1% increase recently, with a market capitalization of $181.66 billion and a PE ratio of 260.52.
• Analysts have a generally positive outlook on ARM, with an average price target of $167.43 and most analysts rating the stock as a "Buy" or "Outperform."

Defender Capital LLC. bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 106,985 shares of the company's stock, valued at approximately $17,304,000. ARM makes up about 5.9% of Defender Capital LLC.'s investment portfolio, making the stock its 8th biggest position.

Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC acquired a new stake in shares of ARM during the 1st quarter worth $229,000. Swedbank AB acquired a new stake in shares of ARM during the 1st quarter worth $18,667,000. Integrated Wealth Concepts LLC grew its holdings in shares of ARM by 24.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,465 shares of the company's stock worth $1,118,000 after purchasing an additional 2,025 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ARM by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 107,728 shares of the company's stock worth $11,505,000 after purchasing an additional 11,953 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its holdings in shares of ARM by 638.4% during the 2nd quarter. Global X Japan Co. Ltd. now owns 80,239 shares of the company's stock worth $12,978,000 after purchasing an additional 69,372 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Up 11.1%

Shares of ARM opened at $171.94 on Tuesday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The business has a 50-day simple moving average of $144.42 and a two-hundred day simple moving average of $135.79. The stock has a market cap of $181.66 billion, a PE ratio of 260.52, a PEG ratio of 10.10 and a beta of 4.10.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARM. Wells Fargo & Company upped their price objective on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Raymond James Financial upped their price objective on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Evercore ISI upped their price objective on ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. TD Cowen upped their price objective on ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Mizuho upped their price objective on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ARM has an average rating of "Moderate Buy" and an average price target of $167.43.

About ARM

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.

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