SBI Securities Co. Ltd. Has $13.89 Million Stock Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

SBI Securities Co. Ltd. trimmed its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,078 shares of the company's stock after selling 7,189 shares during the period. SBI Securities Co. Ltd.'s holdings in ARM were worth $13,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp grew its holdings in shares of ARM by 7.3% in the 1st quarter. Sigma Planning Corp now owns 2,409 shares of the company's stock worth $257,000 after acquiring an additional 163 shares during the last quarter. Zullo Investment Group Inc. boosted its holdings in shares of ARM by 12.5% in the first quarter. Zullo Investment Group Inc. now owns 2,154 shares of the company's stock worth $230,000 after buying an additional 239 shares during the period. CWM LLC increased its position in shares of ARM by 8.1% in the first quarter. CWM LLC now owns 127,737 shares of the company's stock worth $13,641,000 after acquiring an additional 9,621 shares in the last quarter. Dock Street Asset Management Inc. raised its stake in ARM by 208.7% during the 1st quarter. Dock Street Asset Management Inc. now owns 151,321 shares of the company's stock valued at $16,160,000 after purchasing an additional 102,310 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of ARM by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the company's stock valued at $1,025,000 after purchasing an additional 200 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Trading Down 1.0%

NASDAQ:ARM traded down $1.40 during mid-day trading on Monday, hitting $144.54. 5,866,644 shares of the company's stock traded hands, compared to its average volume of 5,540,213. The firm has a market capitalization of $153.11 billion, a price-to-earnings ratio of 192.72, a price-to-earnings-growth ratio of 6.70 and a beta of 4.19. The firm has a 50 day moving average of $138.50 and a two-hundred day moving average of $132.46. ARM Holdings PLC Sponsored ADR has a 12 month low of $80.00 and a 12 month high of $183.74.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Guggenheim increased their target price on shares of ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. JPMorgan Chase & Co. lowered their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. UBS Group cut their price target on ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley lowered their price target on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Benchmark reaffirmed a "hold" rating on shares of ARM in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and an average price target of $154.00.

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.