ARM Holdings PLC Sponsored ADR $ARM Holdings Lifted by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its holdings in ARM Holdings PLC by 6.7%, acquiring an additional 1,806 shares during the first quarter, bringing its total to 28,886 shares valued at approximately $3,085,000.
• Recent trading showed ARM shares down 1.2% at $138.91, with a market cap of $146.76 billion and a P/E ratio of 210.47.
• Analysts generally hold a Moderate Buy consensus on ARM, with a target price averaging $169.67 and a mixture of ratings from "sell" to "strong buy."

National Bank of Canada FI grew its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 6.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,886 shares of the company's stock after acquiring an additional 1,806 shares during the period. National Bank of Canada FI's holdings in ARM were worth $3,085,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of ARM by 27.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 76,172 shares of the company's stock valued at $8,134,000 after acquiring an additional 16,399 shares during the period. Headlands Technologies LLC purchased a new position in shares of ARM in the 1st quarter valued at $3,461,000. Deutsche Bank AG raised its stake in shares of ARM by 13.8% in the 1st quarter. Deutsche Bank AG now owns 232,743 shares of the company's stock valued at $24,855,000 after acquiring an additional 28,244 shares during the period. Monetta Financial Services Inc. purchased a new position in shares of ARM in the 1st quarter valued at $534,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ARM by 26.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,079 shares of the company's stock valued at $3,533,000 after acquiring an additional 6,888 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Price Performance

Shares of NASDAQ:ARM traded down $4.1420 during trading on Tuesday, reaching $136.9180. 1,464,937 shares of the company's stock traded hands, compared to its average volume of 5,444,984. ARM Holdings PLC Sponsored ADR has a 12 month low of $80.00 and a 12 month high of $182.88. The company has a 50 day moving average of $148.97 and a 200-day moving average of $133.02. The stock has a market capitalization of $144.66 billion, a P/E ratio of 207.23, a price-to-earnings-growth ratio of 9.28 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Seaport Res Ptn upgraded shares of ARM to a "strong-buy" rating in a report on Monday, August 11th. Mizuho boosted their price objective on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Citigroup cut their price objective on shares of ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. 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 issued a Sell rating to the company's stock. According to MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and an average price target of $169.67.

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.