Northwestern Mutual Wealth Management Co. Has $5.32 Million Stake in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in ARM Holdings by 38.6% during the first quarter, owning 49,803 shares worth approximately $5.32 million.
• Goldman Sachs also significantly raised its stake by 59.3%, owning about 6.57 million shares valued at $702.1 million following additional acquisitions.
• Analysts have mixed ratings for ARM, with an average target price of $169.67, reflecting a consensus view of "Moderate Buy."

Northwestern Mutual Wealth Management Co. grew its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,803 shares of the company's stock after acquiring an additional 13,861 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in ARM were worth $5,318,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ARM. Goldman Sachs Group Inc. raised its stake in ARM by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after acquiring an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP acquired a new position in ARM during the first quarter worth about $170,287,000. American Century Companies Inc. raised its stake in ARM by 112.3% during the first quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after acquiring an additional 372,081 shares in the last quarter. Banque Transatlantique SA acquired a new position in ARM during the fourth quarter worth about $37,440,000. Finally, Woodline Partners LP raised its stake in ARM by 9,501.0% during the fourth quarter. Woodline Partners LP now owns 213,238 shares of the company's stock worth $26,305,000 after acquiring an additional 211,017 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Trading Up 0.3%

ARM stock opened at $140.66 on Thursday. The stock has a market cap of $148.61 billion, a price-to-earnings ratio of 213.12, a price-to-earnings-growth ratio of 9.37 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 company's 50 day moving average is $148.32 and its 200 day moving average is $132.10.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results 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. ARM had a net margin of 16.96% and a return on equity of 15.56%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the business earned $0.40 earnings per share. The business's revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARM. Wells Fargo & Company boosted their target price on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. UBS Group lowered their price objective on ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Bank of America lowered their price objective on ARM from $144.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Benchmark reaffirmed a "hold" rating on shares of ARM in a research note on Monday, June 9th. Finally, Citigroup lowered their price objective on ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ARM presently has an average rating of "Moderate Buy" and an average target price 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.

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