Lbp Am Sa Raises Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Lbp Am Sa increased its holdings in ARM Holdings PLC by 26.7%, now owning 102,469 shares worth approximately $16.57 million after the second quarter.
• Several institutional investors have also made notable changes in their ARM positions, including TFC Financial Management Inc., which grew its holdings by 163.4% in the first quarter.
• ARM Holdings recently reported a quarterly EPS of $0.35, exceeding expectations, with a revenue of $1.05 billion, reflecting a 12.1% year-over-year increase.

Lbp Am Sa grew its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 26.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,469 shares of the company's stock after purchasing an additional 21,600 shares during the period. Lbp Am Sa's holdings in ARM were worth $16,573,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of ARM during the second quarter valued at about $39,000. Brooklyn Investment Group purchased a new position in shares of ARM during the first quarter valued at about $28,000. TFC Financial Management Inc. grew its position in shares of ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 165 shares in the last quarter. ORG Partners LLC purchased a new position in shares of ARM during the second quarter valued at about $48,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of ARM during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Price Performance

Shares of NASDAQ ARM opened at $141.49 on Wednesday. The company has a market cap of $149.49 billion, a P/E ratio of 214.38, a PEG ratio of 9.34 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 has a 50-day simple moving average of $143.57 and a two-hundred day simple moving average of $133.08.

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, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research report on Thursday, July 31st. KeyCorp reiterated an "overweight" rating and issued a $190.00 price target (up previously from $175.00) on shares of ARM in a research report on Thursday, July 31st. Morgan Stanley lifted their price target on ARM from $150.00 to $194.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company lifted their price target on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $168.52.

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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