Oppenheimer & Co. Inc. Sells 12,306 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Oppenheimer & Co. Inc. reduced its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,478 shares of the company's stock after selling 12,306 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in ARM were worth $4,429,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership lifted its position 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. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after buying an additional 791,392 shares during the period. Schroder Investment Management Group raised its stake in ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after buying an additional 464,719 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of ARM in the 4th quarter valued at $51,901,000. Finally, Banque Transatlantique SA acquired a new stake in shares of ARM in the fourth quarter valued at approximately $37,440,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Up 0.6%

NASDAQ ARM traded up $0.90 during trading on Wednesday, reaching $157.31. The company's stock had a trading volume of 4,735,797 shares, compared to its average volume of 6,285,903. The stock has a market capitalization of $166.63 billion, a PE ratio of 209.75, a PEG ratio of 6.86 and a beta of 4.08. The business has a 50-day moving average price of $126.63 and a 200-day moving average price of $131.04. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $188.75.

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

Analyst Upgrades and Downgrades

ARM has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of ARM from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Cfra Research upgraded ARM to a "hold" rating in a report on Friday, March 21st. Citigroup dropped their price target on shares of ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Finally, TD Cowen decreased their target price on ARM from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $152.76.

ARM Company 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.