4,700 Shares in ARM Holdings PLC Sponsored ADR $ARM Acquired by Ionic Capital Management LLC

Key Points

• Ionic Capital Management LLC has acquired 4,700 shares of ARM Holdings PLC worth approximately $502,000 in the first quarter, marking a new investor position in the company.
• Institutional investors overall have shown increased interest in ARM, with Goldman Sachs Group Inc. raising its stake by 59.3%, now owning over $700 million in shares.
• ARM's stock has a current consensus rating of "Moderate Buy" with an average target price of $169.67, after various analysts issued rating upgrades and changes recently.

Ionic Capital Management LLC purchased a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,700 shares of the company's stock, valued at approximately $502,000.

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

Analysts Set New Price Targets

ARM has been the subject of several analyst reports. BNP Paribas upgraded shares of ARM from a "neutral" rating to an "outperform" rating and upped their price target for the company from $110.00 to $210.00 in a research report on Wednesday, July 16th. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a report on Wednesday, July 16th. UBS Group dropped their target price on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Benchmark reiterated a "hold" rating on shares of ARM in a report on Monday, June 9th. Finally, Guggenheim increased their target price on shares of ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a report on Monday, June 30th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $169.67.

ARM Price Performance

ARM stock traded up $2.69 during trading on Friday, reaching $138.17. The company had a trading volume of 2,815,559 shares, compared to its average volume of 3,609,340. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $182.88. The company has a market cap of $145.98 billion, a P/E ratio of 209.35, a PEG ratio of 9.23 and a beta of 4.17. The business has a 50 day moving average of $145.89 and a 200 day moving average of $130.83.

ARM (NASDAQ:ARM - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. ARM's revenue was up 12.1% on a year-over-year basis. Research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

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.