Headlands Technologies LLC Takes Position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Key Points

• Headlands Technologies LLC has acquired a new position in ARM Holdings PLC, purchasing 32,410 shares valued at approximately $3.46 million in the first quarter.
• ARM's recent earnings report revealed $1.05 billion in revenue for the quarter, reflecting a 12.1% increase compared to the previous year, although it fell slightly short of analysts' estimates.
• Analysts have mixed ratings on ARM, with a consensus rating of "Moderate Buy" and a price target averaging around $167.86.

Headlands Technologies LLC bought a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,410 shares of the company's stock, valued at approximately $3,461,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TFC Financial Management Inc. lifted its holdings in shares of ARM by 163.4% during the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after acquiring an additional 165 shares during the period. GeoWealth Management LLC raised its position in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after purchasing an additional 92 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in ARM during the first quarter worth about $34,000. Colonial Trust Co SC acquired a new stake in ARM during the fourth quarter valued at approximately $40,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in ARM during the first quarter valued at approximately $53,000. 7.53% of the stock is owned by institutional investors.

ARM Trading Down 0.8%

ARM stock opened at $136.12 on Thursday. The company has a market cap of $143.81 billion, a PE ratio of 206.24, a PEG ratio of 9.17 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 company's 50-day moving average is $147.35 and its two-hundred day moving average is $134.28.

ARM (NASDAQ:ARM - Get Free Report) last posted 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. ARM had a net margin of 16.96% and a return on equity of 15.56%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. ARM's revenue for the quarter was up 12.1% compared to the same quarter last year. Research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ARM shares. The Goldman Sachs Group started coverage on ARM in a report on Thursday, July 10th. They issued a "neutral" rating and a $160.00 target price for the company. UBS Group dropped 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. Barclays reduced their target price on shares of ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company increased their target price on shares of ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Raymond James Financial lifted their price target on shares of ARM from $140.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.86.

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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