Liontrust Investment Partners LLP Buys 73,952 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Liontrust Investment Partners LLP increased its stake in ARM Holdings by 63.1%, acquiring an additional 73,952 shares, bringing its total holdings to 191,182 shares worth approximately $20.4 million.
• Goldman Sachs also significantly boosted its position in ARM by 59.3% during the same period, now owning around 6.57 million shares valued at $702 million.
• ARM's stock performance showed a 0.7% decrease recently, with a market capitalization of $148.49 billion and an overall rating of "Moderate Buy" from analysts.

Liontrust Investment Partners LLP increased its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 63.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,182 shares of the company's stock after buying an additional 73,952 shares during the quarter. Liontrust Investment Partners LLP's holdings in ARM were worth $20,416,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ARM. Geode Capital Management LLC grew its position in shares of ARM by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 108,531 shares of the company's stock worth $13,388,000 after purchasing an additional 848 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in ARM by 0.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock worth $5,320,000 after acquiring an additional 353 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of ARM by 2.5% in the 4th quarter. Cerity Partners LLC now owns 12,313 shares of the company's stock valued at $1,522,000 after acquiring an additional 300 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of ARM in the 4th quarter valued at about $32,655,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of ARM by 3.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,824 shares of the company's stock valued at $1,952,000 after purchasing an additional 470 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Trading Down 5.0%

ARM traded down $7.05 during trading on Tuesday, hitting $134.01. 4,659,866 shares of the company's stock traded hands, compared to its average volume of 5,463,145. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The company's 50 day simple moving average is $148.97 and its two-hundred day simple moving average is $133.02. The stock has a market capitalization of $141.58 billion, a price-to-earnings ratio of 203.05, a PEG ratio of 9.28 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted $0.40 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ARM. BNP Paribas Exane raised shares of 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. Raymond James Financial upped their price target on shares of ARM from $140.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC reissued a "hold" rating on shares of ARM in a report on Thursday, July 31st. Wells Fargo & Company lifted their price target on ARM from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Benchmark reiterated a "hold" rating on shares of ARM in a research report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $169.67.

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.