International Assets Investment Management LLC Has $877,000 Position in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• International Assets Investment Management LLC reduced its stake in ARM Holdings by 22.0%, owning 5,420 shares valued at $877,000.
• TrueMark Investments and Stratos Wealth Partners significantly increased their holdings in ARM, with TrueMark boosting its stake by 25.5% and Stratos by 161.8%.
• ARM reported a net margin of 16.96% and quarterly revenue of $1.05 billion, though this was slightly below analyst expectations of $1.06 billion.

International Assets Investment Management LLC lessened its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 22.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,420 shares of the company's stock after selling 1,533 shares during the period. International Assets Investment Management LLC's holdings in ARM were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. TrueMark Investments LLC boosted its position in shares of ARM by 25.5% during the 2nd quarter. TrueMark Investments LLC now owns 8,341 shares of the company's stock valued at $1,349,000 after purchasing an additional 1,697 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in ARM by 161.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,747 shares of the company's stock worth $1,738,000 after acquiring an additional 6,642 shares in the last quarter. WealthPLAN Partners LLC boosted its holdings in ARM by 23.8% in the second quarter. WealthPLAN Partners LLC now owns 5,051 shares of the company's stock worth $817,000 after acquiring an additional 970 shares in the last quarter. WJ Wealth Management LLC bought a new position in ARM in the second quarter worth approximately $251,000. Finally, Rheos Capital Works Inc. bought a new position in ARM in the second quarter worth approximately $21,026,000. Institutional investors own 7.53% of the company's stock.

ARM Price Performance

NASDAQ:ARM opened at $171.50 on Tuesday. The business has a fifty day simple moving average of $147.59 and a two-hundred day simple moving average of $138.16. 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 capitalization of $181.19 billion, a P/E ratio of 259.85, a P/E/G ratio of 10.80 and a beta of 4.10.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Guggenheim increased their price target on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Raymond James Financial increased their price objective on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. UBS Group lowered 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. Morgan Stanley lowered their price objective on ARM from $180.00 to $171.00 and set an "overweight" rating for the company in a research note on Thursday, October 9th. Finally, Wells Fargo & Company increased their price objective on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $167.43.

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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