NCP Inc. Sells 32,000 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

NCP Inc. cut its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 91.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the company's stock after selling 32,000 shares during the quarter. NCP Inc.'s holdings in ARM were worth $320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sustainable Growth Advisers LP acquired a new stake in ARM during the first quarter worth about $170,287,000. Artisan Partners Limited Partnership raised its stake in shares of ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares in the last quarter. Schroder Investment Management Group raised its position in ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Marshall Wace LLP purchased a new position in ARM in the fourth quarter worth approximately $51,901,000. Finally, Banque Transatlantique SA acquired a new position in shares of ARM during the fourth quarter worth $37,440,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ARM. KGI Securities initiated coverage on shares of ARM in a research report on Tuesday, April 15th. They issued a "neutral" rating for the company. Benchmark reiterated a "hold" rating on shares of ARM in a research note on Monday, June 9th. Rosenblatt Securities lowered their price target on shares of ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research report on Wednesday, July 16th. Finally, UBS Group lifted their price objective on ARM from $155.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, ARM currently has a consensus rating of "Moderate Buy" and an average target price of $161.04.

ARM Stock Performance

Shares of ARM stock traded up $0.71 during trading on Thursday, hitting $159.99. 2,221,375 shares of the company were exchanged, compared to its average volume of 4,766,023. The business's 50-day simple moving average is $144.06 and its 200 day simple moving average is $133.93. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The firm has a market capitalization of $169.03 billion, a price-to-earnings ratio of 213.32, a P/E/G ratio of 9.19 and a beta of 4.19.

ARM (NASDAQ:ARM - Get Free Report) last issued its 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 company 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 business's revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. On average, equities analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal 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.