Lbp Am Sa Increases Position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Lbp Am Sa increased its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 36.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,869 shares of the company's stock after acquiring an additional 21,469 shares during the period. Lbp Am Sa's holdings in ARM were worth $8,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after purchasing an additional 464,719 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after purchasing an additional 860,716 shares during the last quarter. FMR LLC lifted its stake in ARM by 6.4% in the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after purchasing an additional 133,034 shares during the last quarter. First Trust Advisors LP lifted its stake in ARM by 1.9% in the fourth quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock worth $109,644,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Polar Capital Holdings Plc lifted its stake in ARM by 11.3% in the fourth quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock worth $94,240,000 after purchasing an additional 77,420 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ARM. Wells Fargo & Company lowered their price target on shares of ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. TD Cowen lowered their price target on shares of ARM from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Mizuho boosted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Finally, UBS Group lowered their price objective on shares of ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $154.67.

ARM Price Performance

Shares of ARM stock opened at $148.02 on Thursday. The company's fifty day simple moving average is $137.39 and its 200-day simple moving average is $132.19. The stock has a market capitalization of $156.79 billion, a PE ratio of 197.36, a P/E/G ratio of 6.79 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $187.47.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. ARM had a net margin of 19.76% and a return on equity of 17.97%. The company's revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. As a group, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

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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