E Fund Management Co. Ltd. Acquires Shares of 3,331 ARM Holdings PLC Sponsored ADR $ARM

Key Points

• E Fund Management Co. Ltd. purchased 3,331 shares of ARM Holdings PLC Sponsored ADR, valued at approximately $356,000, during the first quarter.
• Analysts have mixed ratings for ARM, with target prices ranging from $160.00 to $187.00, and an average rating of "Moderate Buy".
• ARM reported earnings of $0.35 per share for the most recent quarter, which exceeded analysts' expectations, although revenue slightly fell short of forecasts at $1.05 billion.

E Fund Management Co. Ltd. bought a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,331 shares of the company's stock, valued at approximately $356,000.

Other institutional investors have also modified their holdings of the company. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of ARM in the first quarter valued at about $5,340,000. Iyo Bank Ltd. purchased a new position in shares of ARM in the first quarter valued at $738,000. Invesco Ltd. increased its position in shares of ARM by 9.5% in the first quarter. Invesco Ltd. now owns 576,020 shares of the company's stock valued at $61,513,000 after buying an additional 49,805 shares in the last quarter. AFT Forsyth & Company Inc. lifted its stake in ARM by 2.5% in the 1st quarter. AFT Forsyth & Company Inc. now owns 16,351 shares of the company's stock valued at $1,746,000 after buying an additional 400 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in shares of ARM during the first quarter worth about $53,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Trading Down 4.9%

ARM stock traded down $6.8680 during mid-day trading on Tuesday, hitting $134.1920. 3,367,984 shares of the company's stock were exchanged, compared to its average volume of 5,459,483. The stock has a market cap of $141.78 billion, a P/E ratio of 203.59, a P/E/G ratio of 9.28 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $182.88. The stock has a 50 day moving average of $148.97 and a two-hundred day moving average of $133.02.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. ARM's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARM. Wells Fargo & Company increased their target price on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. The Goldman Sachs Group began coverage on ARM in a research note on Thursday, July 10th. They set a "neutral" rating and a $160.00 target price for the company. KeyCorp reissued an "overweight" rating and issued a $190.00 price objective (up from $175.00) on shares of ARM in a report on Thursday, July 31st. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price target on the stock in a research report on Wednesday, July 16th. Finally, UBS Group lowered their price objective on ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.67.

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.