NEOS Investment Management LLC Has $30.99 Million Stock Position in Arm Holdings PLC Sponsored ADR $ARM

Key Points

• NEOS Investment Management increased its ARM stake by 21.6% in the second quarter, adding 15,554 shares to hold 87,397 shares valued at approximately $30.99 million.
• ARM reported quarterly revenue of $1.29 billion and EPS of $0.45, exceeding analyst expectations while revenue grew 22.4% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $305.12; ARM shares recently opened at $252.09.

NEOS Investment Management LLC boosted its position in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 21.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 87,397 shares of the company's stock after purchasing an additional 15,554 shares during the period. NEOS Investment Management LLC's holdings in ARM were worth $30,988,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARM. Syntax Research Inc. acquired a new position in shares of ARM in the first quarter valued at approximately $30,000. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of ARM in the first quarter valued at about $30,000. Allied Private Wealth LLC bought a new position in shares of ARM during the second quarter worth approximately $71,000. FWL Investment Management LLC bought a new stake in shares of ARM during the 2nd quarter valued at $34,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in ARM during the first quarter worth about $40,000. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of ARM stock opened at $252.09 on Friday. The stock has a market capitalization of $269.25 billion, a price-to-earnings ratio of 259.89, a price-to-earnings-growth ratio of 7.19 and a beta of 3.89. The company has a fifty day moving average of $273.23 and a 200-day moving average of $238.12. Arm Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. ARM had a net margin of 20.25% and a return on equity of 12.24%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.35 EPS. The firm's revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Mizuho boosted their target price on shares of ARM from $425.00 to $500.00 and gave the stock an "outperform" rating in a research note on Monday, June 8th. Needham & Company LLC reiterated a "buy" rating and issued a $255.00 target price on shares of ARM in a report on Thursday, July 30th. Barclays lifted their price target on shares of ARM from $250.00 to $360.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. UBS Group dropped their price target on shares of ARM from $360.00 to $320.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Bank of America reaffirmed a "neutral" rating on shares of ARM in a research report on Thursday, July 30th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, ARM currently has a consensus rating of "Moderate Buy" and an average target price of $305.12.

Insider Buying and Selling

In other news, CFO Jason Child sold 10,400 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $255.33, for a total transaction of $2,655,432.00. Following the sale, the chief financial officer owned 163,832 shares in the company, valued at $41,831,224.56. This represents a 5.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

About ARM

Arm Holdings NASDAQ: ARM is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.

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