Rathbones Group PLC Trims Stock Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Key Points

• Rathbones Group PLC reduced its stake in ARM Holdings PLC by 36.6%, selling 6,038 shares and holding 10,462 shares worth $1,117,000 as of its last SEC filing.
• Various institutional investors have altered their stakes in ARM, with TFC Financial Management Inc. increasing its stake by 163.4% during the first quarter.
• ARM reported a quarterly earnings per share of $0.35, which surpassed analysts' expectations, but its revenue of $1.05 billion was slightly below consensus estimates.

Rathbones Group PLC lessened its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 36.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,462 shares of the company's stock after selling 6,038 shares during the quarter. Rathbones Group PLC's holdings in ARM were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARM. TFC Financial Management Inc. increased its stake in shares of ARM by 163.4% during the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 165 shares during the last quarter. GeoWealth Management LLC grew its holdings in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in ARM in the first quarter valued at approximately $34,000. Colonial Trust Co SC acquired a new position in ARM during the fourth quarter worth approximately $40,000. Finally, MorganRosel Wealth Management LLC purchased a new position in ARM during the first quarter worth approximately $53,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Stock Performance

NASDAQ:ARM opened at $141.60 on Thursday. The stock has a market cap of $149.60 billion, a price-to-earnings ratio of 214.55, a PEG ratio of 9.52 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 business has a fifty day moving average of $148.59 and a 200-day moving average of $133.49.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of ARM in a report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on ARM from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Mizuho increased their target price on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Finally, Loop Capital reduced their price target on shares of ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.67.

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.

Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.