1,743 Shares in ARM Holdings PLC Sponsored ADR $ARM Bought by Kapstone Financial Advisors LLC

Key Points

• Kapstone Financial Advisors LLC has invested approximately $282,000 in ARM Holdings PLC, acquiring 1,743 shares during the 2nd quarter.
• Institutional investors now own 7.53% of ARM's stock, with major increases in holdings reported by banking giants like Goldman Sachs and American Century Companies.
• Recent analysts' ratings indicate a consensus of "Moderate Buy" for ARM, with price targets ranging notably from $110 up to $210.

Kapstone Financial Advisors LLC acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,743 shares of the company's stock, valued at approximately $282,000.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in ARM by 59.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after buying an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP acquired a new stake in shares of ARM in the first quarter valued at about $170,287,000. American Century Companies Inc. lifted its holdings in ARM by 112.3% during the first quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after acquiring an additional 372,081 shares during the period. Invesco Ltd. lifted its stake in ARM by 9.5% during the first quarter. Invesco Ltd. now owns 576,020 shares of the company's stock worth $61,513,000 after purchasing an additional 49,805 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC grew its holdings in shares of ARM by 1.2% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 477,289 shares of the company's stock worth $77,197,000 after acquiring an additional 5,762 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Seaport Res Ptn raised shares of ARM to a "strong-buy" rating in a report on Monday, August 11th. TD Cowen raised their price target on shares of ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. BNP Paribas upgraded shares of ARM from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. The Goldman Sachs Group started coverage on shares of ARM in a report on Thursday, July 10th. They set a "neutral" rating and a $160.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of ARM from $150.00 to $194.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.52.

ARM Price Performance

ARM stock traded down $3.63 during trading hours on Friday, hitting $142.91. 8,754,078 shares of the stock traded hands, compared to its average volume of 3,902,679. The stock has a market capitalization of $150.99 billion, a price-to-earnings ratio of 216.53, a P/E/G ratio of 9.55 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 firm's 50 day moving average price is $145.30 and its 200-day moving average price is $131.85.

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. Research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

About ARM

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.