Horizon Investments LLC Buys 6,287 Shares of ARM Holdings PLC Sponsored ADR $ARM

Horizon Investments LLC raised its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 60.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,767 shares of the company's stock after purchasing an additional 6,287 shares during the period. Horizon Investments LLC's holdings in ARM were worth $1,833,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Robertson Stephens Wealth Management LLC grew its holdings in ARM by 113.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 9,175 shares of the company's stock valued at $1,003,000 after purchasing an additional 4,875 shares during the period. Covenant Asset Management LLC boosted its stake in shares of ARM by 0.5% in the fourth quarter. Covenant Asset Management LLC now owns 33,298 shares of the company's stock worth $3,640,000 after acquiring an additional 170 shares during the period. R Squared Ltd boosted its stake in shares of ARM by 14.0% in the fourth quarter. R Squared Ltd now owns 4,649 shares of the company's stock worth $508,000 after acquiring an additional 572 shares during the period. Veracity Capital LLC boosted its stake in shares of ARM by 2.6% in the fourth quarter. Veracity Capital LLC now owns 4,459 shares of the company's stock worth $487,000 after acquiring an additional 115 shares during the period. Finally, China Universal Asset Management Co. Ltd. boosted its stake in shares of ARM by 8.6% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,915 shares of the company's stock worth $428,000 after acquiring an additional 309 shares during the period. Institutional investors own 7.53% of the company's stock.

Insider Buying and Selling

In other ARM news, CEO Rene A. Haas sold 9,299 shares of the company's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $160.85, for a total transaction of $1,495,744.15. Following the sale, the chief executive officer directly owned 273,680 shares in the company, valued at $44,021,428. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jason Child sold 21,280 shares of the company's stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $180.00, for a total value of $3,830,400.00. Following the sale, the chief financial officer owned 153,426 shares in the company, valued at approximately $27,616,680. This trade represents a 12.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 83,712 shares of company stock worth $13,614,730.

ARM Trading Up 2.7%

Shares of ARM stock opened at $208.72 on Wednesday. The stock has a 50 day moving average of $150.26 and a 200 day moving average of $137.61. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $237.68. The firm has a market cap of $220.51 billion, a PE ratio of 278.29, a PEG ratio of 9.16 and a beta of 3.40.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. ARM had a return on equity of 14.01% and a net margin of 17.15%.The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company's quarterly revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

ARM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on ARM from $125.00 to $140.00 and gave the stock a "hold" rating in a research note on Wednesday, March 25th. Susquehanna upped their price objective on ARM from $170.00 to $210.00 and gave the stock a "positive" rating in a research note on Thursday, April 16th. Citigroup lowered ARM from a "buy" rating to a "hold" rating in a research note on Tuesday, January 13th. UBS Group dropped their price objective on ARM from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, February 5th. Finally, TD Cowen dropped their price objective on ARM from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, February 5th. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, ARM presently has an average rating of "Moderate Buy" and an average price target of $176.71.

ARM Profile

Arm Limited NASDAQ: ARM is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm's product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.

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