Fountainhead AM LLC Makes New $315,000 Investment in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Fountainhead AM LLC bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,949 shares of the company's stock, valued at approximately $315,000.

Several other hedge funds have also made changes to their positions in the stock. Schroder Investment Management Group raised its stake in ARM by 17.9% during the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after acquiring an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares in the last quarter. FMR LLC raised its stake in ARM by 6.4% during the 4th quarter. FMR LLC now owns 2,199,197 shares of the company's stock valued at $271,293,000 after acquiring an additional 133,034 shares in the last quarter. First Trust Advisors LP raised its stake in ARM by 1.9% during the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock valued at $109,644,000 after acquiring an additional 16,400 shares in the last quarter. Finally, Polar Capital Holdings Plc raised its stake in ARM by 11.3% during the 4th quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock valued at $94,240,000 after acquiring an additional 77,420 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARM. BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a report on Wednesday. BNP Paribas upgraded ARM from a "neutral" rating to a "strong-buy" rating and lifted their target price for the stock from $110.00 to $210.00 in a report on Wednesday. Benchmark restated a "hold" rating on shares of ARM in a report on Monday, June 9th. Barclays decreased their target price on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, KGI Securities began coverage on ARM in a report on Tuesday, April 15th. They issued a "neutral" rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, ARM presently has an average rating of "Moderate Buy" and a consensus target price of $158.87.

ARM Trading Down 0.3%

ARM stock opened at $156.74 on Friday. The stock has a 50-day moving average price of $141.67 and a two-hundred day moving average price of $133.33. The stock has a market cap of $165.60 billion, a PE ratio of 208.99, a price-to-earnings-growth ratio of 9.04 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88.

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

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.

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