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

LBP AM SA grew its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,869 shares of the company's stock after acquiring an additional 21,469 shares during the quarter. LBP AM SA's holdings in ARM were worth $8,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARM. GeoWealth Management LLC raised its holdings in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after buying an additional 92 shares during the last quarter. TFC Financial Management Inc. raised its holdings in shares of ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after acquiring an additional 165 shares during the last quarter. Colonial Trust Co SC bought a new position in ARM in the 4th quarter valued at about $40,000. MorganRosel Wealth Management LLC acquired a new position in ARM during the 1st quarter valued at about $53,000. Finally, Valley National Advisers Inc. increased its holdings in ARM by 24.5% during the 1st quarter. Valley National Advisers Inc. now owns 763 shares of the company's stock worth $81,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Bank of America decreased their price target on ARM from $144.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 8th. KeyCorp cut their price objective on shares of ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a report on Thursday, May 8th. Cfra Research raised shares of ARM to a "hold" rating in a report on Friday, March 21st. Finally, UBS Group cut their price objective on shares of ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ARM has an average rating of "Moderate Buy" and an average price target of $154.00.

ARM Stock Up 0.4%

NASDAQ:ARM traded up $0.53 during mid-day trading on Thursday, hitting $148.55. 3,644,194 shares of the stock traded hands, compared to its average volume of 6,116,730. The business's 50-day moving average price is $137.39 and its 200 day moving average price is $132.19. The company has a market cap of $157.35 billion, a PE ratio of 198.07, a price-to-earnings-growth ratio of 6.79 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $187.28.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 17.97% and a net margin of 19.76%. The company's quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Analysts anticipate 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.