Integrity Alliance LLC. Invests $564,000 in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Integrity Alliance LLC made a new investment in ARM Holdings PLC, purchasing 5,279 shares valued at approximately $564,000.
• Several analysts have given ARM a “Moderate Buy” rating with varied price targets, including Wells Fargo raising it to $175.00.
• ARM reported a 12.1% increase in revenue year-over-year, reaching $1.05 billion, with an EPS of $0.35 for the last quarter.

Integrity Alliance LLC. purchased a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,279 shares of the company's stock, valued at approximately $564,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after purchasing an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP purchased a new position in ARM in the 1st quarter valued at about $170,287,000. American Century Companies Inc. boosted its holdings in ARM by 112.3% in the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after buying an additional 372,081 shares during the last quarter. Woodline Partners LP increased its stake in ARM by 9,501.0% during the 4th quarter. Woodline Partners LP now owns 213,238 shares of the company's stock worth $26,305,000 after buying an additional 211,017 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of ARM during the first quarter valued at approximately $19,565,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of NASDAQ:ARM traded down $4.06 during trading on Friday, hitting $150.64. The company's stock had a trading volume of 3,601,431 shares, compared to its average volume of 3,798,668. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88. The business has a 50 day moving average price of $145.03 and a two-hundred day moving average price of $131.02. The company has a market capitalization of $159.15 billion, a PE ratio of 156.92, a P/E/G ratio of 10.07 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%.The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm earned $0.40 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group started coverage on ARM in a report on Thursday, July 10th. They issued a "neutral" rating and a $160.00 price objective on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, July 31st. Evercore ISI upped their price objective on shares of ARM from $173.00 to $178.00 and gave the company an "outperform" rating in a research note on Thursday. KeyCorp reiterated an "overweight" rating and issued a $190.00 price objective (up previously from $175.00) on shares of ARM in a report on Thursday, July 31st. Finally, Benchmark restated a "hold" rating on shares of ARM in a report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $168.52.

ARM Company 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.