Groupe la Francaise Increases Stock Position in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Groupe la Francaise increased its stake in ARM Holdings by 34.4% in the 1st quarter, owning a total of 24,642 shares valued at approximately $2.77 million.
• ARM Holdings reported $0.35 earnings per share (EPS) for the last quarter, which exceeded analysts' expectations of $0.34, despite a slight decrease compared to the previous year's EPS of $0.40.
• Several research analysts have raised their price targets for ARM shares, with estimates ranging from $135.00 to $194.00, indicating a consensus price target of $169.67 and a favorable outlook for the stock.

Groupe la Francaise increased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 34.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,642 shares of the company's stock after purchasing an additional 6,307 shares during the quarter. Groupe la Francaise's holdings in ARM were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GeoWealth Management LLC boosted its stake in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in ARM by 2.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock valued at $608,000 after acquiring an additional 96 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in ARM by 4.1% during the 4th quarter. Sunbelt Securities Inc. now owns 2,785 shares of the company's stock valued at $351,000 after acquiring an additional 110 shares during the last quarter. Compound Planning Inc. boosted its stake in ARM by 5.5% during the 1st quarter. Compound Planning Inc. now owns 2,305 shares of the company's stock valued at $246,000 after acquiring an additional 120 shares during the last quarter. Finally, Convergence Financial LLC boosted its stake in ARM by 2.0% during the 1st quarter. Convergence Financial LLC now owns 6,991 shares of the company's stock valued at $747,000 after acquiring an additional 136 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

ARM stock opened at $137.92 on Friday. The firm's 50-day moving average is $148.60 and its 200-day moving average is $132.41. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88. The company has a market cap of $145.71 billion, a P/E ratio of 208.97, a PEG ratio of 9.22 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly 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 net margin of 16.96% and a return on equity of 15.56%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.40 EPS. The company's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ARM shares. TD Cowen increased their price objective on shares of ARM from $155.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Raymond James Financial increased their price objective on shares of ARM from $140.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Morgan Stanley increased their price objective on shares of ARM from $150.00 to $194.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Bank of America reduced their price objective on shares of ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Wells Fargo & Company increased their price objective on shares of ARM from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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