Kingswood Wealth Advisors LLC Increases Stake in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Kingswood Wealth Advisors LLC increased its stake in ARM Holdings PLC by 52.1% in Q2, owning 5,958 shares valued at approximately $964,000.
• ARM's stock has received mixed ratings from analysts, with a consensus target price of $168.52 and one "Strong Buy," eighteen "Buy," seven "Hold," and one "Sell" ratings.
• In its latest quarterly earnings, ARM reported $0.35 EPS, exceeding analyst expectations, but revenue fell slightly short at $1.05 billion.

Kingswood Wealth Advisors LLC grew its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 52.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,958 shares of the company's stock after buying an additional 2,041 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in ARM were worth $964,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ARM. Park Avenue Securities LLC increased its holdings in shares of ARM by 45.3% in the 1st quarter. Park Avenue Securities LLC now owns 5,217 shares of the company's stock valued at $557,000 after purchasing an additional 1,627 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of ARM by 85.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,616 shares of the company's stock valued at $173,000 after purchasing an additional 746 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of ARM in the 1st quarter valued at about $1,313,000. GPS Wealth Strategies Group LLC increased its holdings in shares of ARM by 1.3% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 22,467 shares of the company's stock valued at $2,399,000 after purchasing an additional 296 shares in the last quarter. Finally, Baker Chad R purchased a new position in shares of ARM in the 1st quarter valued at about $1,298,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. KeyCorp reiterated an "overweight" rating and issued a $190.00 price target (up previously from $175.00) on shares of ARM in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on shares of ARM in a report on Thursday, July 10th. They issued a "neutral" rating and a $160.00 price target for the company. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a report on Wednesday, July 16th. Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, ARM has an average rating of "Moderate Buy" and a consensus target price of $168.52.

ARM Trading Up 4.7%

NASDAQ:ARM opened at $166.77 on Thursday. The firm has a 50-day moving average price of $142.85 and a two-hundred day moving average price of $134.51. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The company has a market capitalization of $176.19 billion, a P/E ratio of 252.68, a price-to-earnings-growth ratio of 9.69 and a beta of 4.10.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the company earned $0.40 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current 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.

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