4,063 Shares in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,063 shares of the company's stock, valued at approximately $434,000.

Other large investors also recently bought and sold shares of the company. Brown Lisle Cummings Inc. increased its position in shares of ARM by 25.5% in the 1st quarter. Brown Lisle Cummings Inc. now owns 941 shares of the company's stock valued at $100,000 after purchasing an additional 191 shares during the last quarter. TrueMark Investments LLC acquired a new position in shares of ARM during the first quarter worth $710,000. Cambridge Investment Research Advisors Inc. increased its holdings in ARM by 4.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 109,720 shares of the company's stock valued at $11,717,000 after buying an additional 4,810 shares during the last quarter. Cherry Creek Investment Advisors Inc. increased its holdings in ARM by 4.2% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 5,043 shares of the company's stock valued at $539,000 after buying an additional 203 shares during the last quarter. Finally, Tower View Wealth Management LLC raised its stake in ARM by 40.6% in the first quarter. Tower View Wealth Management LLC now owns 20,569 shares of the company's stock valued at $2,197,000 after buying an additional 5,937 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Rosenblatt Securities lowered their price target on ARM from $203.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Raymond James Financial cut their price objective on shares of ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Guggenheim increased their target price on shares of ARM from $147.00 to $187.00 and gave the company a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $154.67.

ARM Stock Performance

ARM stock traded down $5.41 during trading hours on Tuesday, reaching $156.33. 6,366,450 shares of the stock were exchanged, compared to its average volume of 6,221,510. The stock has a market cap of $165.59 billion, a P/E ratio of 152.59, a P/E/G ratio of 7.43 and a beta of 4.19. The firm's 50 day moving average is $131.50 and its 200 day moving average is $131.42. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. ARM had a net margin of 19.76% and a return on equity of 17.97%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The firm's revenue was up 33.7% compared to the same quarter last year. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS 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.