ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Shares Bought by GAM Holding AG

GAM Holding AG grew its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,619 shares of the company's stock after buying an additional 2,896 shares during the quarter. GAM Holding AG's holdings in ARM were worth $2,309,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ARM. GeoWealth Management LLC increased its stake in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new position in ARM during the fourth quarter worth $40,000. Farther Finance Advisors LLC increased its position in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after buying an additional 453 shares in the last quarter. West Branch Capital LLC purchased a new position in ARM during the first quarter worth $107,000. Finally, Harbour Investments Inc. grew its position in shares of ARM by 40.1% in the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company's stock valued at $111,000 after purchasing an additional 258 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ARM. JPMorgan Chase & Co. reduced their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Barclays reduced 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. Guggenheim reduced their target price on ARM from $180.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Loop Capital reduced their target price on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Morgan Stanley reduced their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.76.

ARM Stock Down 0.7%

Shares of NASDAQ:ARM traded down $1.01 during trading on Friday, hitting $145.04. 3,793,348 shares of the company traded hands, compared to its average volume of 6,313,076. The stock has a market capitalization of $153.64 billion, a price-to-earnings ratio of 136.83, a PEG ratio of 6.66 and a beta of 4.10. The business's fifty day moving average is $124.70 and its 200-day moving average is $130.86. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $188.75.

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