Global X Japan Co. Ltd. Grows Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Global X Japan Co. Ltd. increased its stock position in ARM Holdings PLC by 638.4% during the second quarter, owning 80,239 shares valued at approximately $12.98 million.
• Institutional investors hold about 7.53% of ARM's stock, with notable increases from firms like Goldman Sachs and American Century Companies.
• ARM reported a quarterly earnings per share of $0.35, slightly topping estimates, with a revenue of $1.05 billion for the period that was a 12.1% increase year-over-year.

Global X Japan Co. Ltd. lifted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 638.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,239 shares of the company's stock after acquiring an additional 69,372 shares during the quarter. ARM accounts for approximately 1.3% of Global X Japan Co. Ltd.'s holdings, making the stock its 22nd largest position. Global X Japan Co. Ltd.'s holdings in ARM were worth $12,978,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ARM. Oliver Lagore Vanvalin Investment Group bought a new position in ARM in the second quarter valued at about $39,000. Brooklyn Investment Group bought a new position in shares of ARM during the first quarter valued at about $28,000. TFC Financial Management Inc. grew its stake in ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after buying an additional 165 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in ARM during the first quarter valued at about $34,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ARM in the first quarter worth about $53,000. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of ARM stock traded down $3.63 during trading hours on Friday, reaching $142.91. 8,754,078 shares of the company traded hands, compared to its average volume of 4,139,115. The company has a market cap of $150.99 billion, a P/E ratio of 148.87, a P/E/G ratio of 9.55 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The firm has a 50-day moving average price of $145.30 and a 200 day moving average price of $131.85.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Sell-side analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARM. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research report on Thursday, July 31st. Evercore ISI lifted their price target on shares of ARM from $173.00 to $178.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Guggenheim increased their target price on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Rosenblatt Securities restated a "buy" rating and issued a $180.00 price target on shares of ARM in a research report on Thursday, July 31st. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.52.

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.