ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Shares Purchased by Lazard Freres Gestion S.A.S.

Key Points

• Lazard Freres Gestion S.A.S. significantly increased its stake in ARM Holdings PLC by acquiring an additional 2,000 shares, raising its ownership by 20% to a total of 12,000 shares, valued at approximately $1,281,000.
• ARM Holdings reported a quarterly earnings per share (EPS) of $0.55, exceeding analysts' expectations, with a revenue of $1.24 billion—an increase of 33.7% year-over-year.
• Following recent analyses, ARM has received a consensus rating of "Moderate Buy" with an average price target of $161.04, indicating positive sentiment among market analysts.

Lazard Freres Gestion S.A.S. lifted its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 20.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,000 shares of the company's stock after buying an additional 2,000 shares during the quarter. Lazard Freres Gestion S.A.S.'s holdings in ARM were worth $1,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ARM. LPL Financial LLC boosted its position in shares of ARM by 5.3% during the 4th quarter. LPL Financial LLC now owns 234,004 shares of the company's stock worth $28,867,000 after acquiring an additional 11,852 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in ARM by 1.8% in the fourth quarter. Corebridge Financial Inc. now owns 8,329 shares of the company's stock valued at $1,027,000 after purchasing an additional 147 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of ARM by 23.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 59,773 shares of the company's stock valued at $7,374,000 after buying an additional 11,287 shares in the last quarter. NEOS Investment Management LLC boosted its holdings in shares of ARM by 15.8% in the 4th quarter. NEOS Investment Management LLC now owns 4,547 shares of the company's stock valued at $561,000 after buying an additional 621 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of ARM by 57.4% in the 4th quarter. Blair William & Co. IL now owns 77,380 shares of the company's stock valued at $9,546,000 after buying an additional 28,217 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

ARM stock traded down $22.04 during midday trading on Thursday, reaching $141.29. The company's stock had a trading volume of 18,088,749 shares, compared to its average volume of 5,530,363. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88. The stock's 50 day simple moving average is $146.56 and its 200 day simple moving average is $134.48. The firm has a market capitalization of $149.27 billion, a PE ratio of 188.77, a P/E/G ratio of 9.36 and a beta of 4.19.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. ARM had a return on equity of 17.97% and a net margin of 19.76%. ARM's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Equities analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

ARM has been the subject of several research analyst reports. UBS Group decreased their price objective on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday. Citigroup decreased their target price on ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. KGI Securities started coverage on ARM in a report on Tuesday, April 15th. They issued a "neutral" rating for the company. Benchmark reissued a "hold" rating on shares of ARM in a report on Monday, June 9th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ARM currently has an average rating of "Moderate Buy" and an average target price of $165.13.

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.