Signal Advisors Wealth LLC Buys Shares of 8,666 ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Signal Advisors Wealth LLC has acquired 8,666 shares of ARM Holdings PLC, valued at approximately $1,402,000, marking a new investment in the company.
• Goldman Sachs Group Inc. has significantly increased its stake in ARM by 59.3%, now owning over 6.5 million shares valued at around $702 million.
• ARM's earnings report indicated a profit of $0.35 per share, exceeding analyst expectations and reflecting a 12.1% year-over-year revenue growth.

Signal Advisors Wealth LLC bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,666 shares of the company's stock, valued at approximately $1,402,000.

Several other large investors have also bought and sold shares of ARM. B. Riley Wealth Advisors Inc. raised its position in shares of ARM by 2.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock worth $608,000 after acquiring an additional 96 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of ARM by 4.1% in the 4th quarter. Sunbelt Securities Inc. now owns 2,785 shares of the company's stock worth $351,000 after acquiring an additional 110 shares in the last quarter. Compound Planning Inc. raised its position in shares of ARM by 5.5% in the 1st quarter. Compound Planning Inc. now owns 2,305 shares of the company's stock worth $246,000 after acquiring an additional 120 shares in the last quarter. IAM Advisory LLC raised its position in shares of ARM by 3.0% in the 2nd quarter. IAM Advisory LLC now owns 4,556 shares of the company's stock worth $737,000 after acquiring an additional 134 shares in the last quarter. Finally, Convergence Financial LLC grew its stake in shares of ARM by 2.0% in the 1st quarter. Convergence Financial LLC now owns 6,991 shares of the company's stock valued at $747,000 after buying an additional 136 shares during the period. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of NASDAQ ARM traded down $3.63 during midday trading on Friday, reaching $142.91. The company's stock had a trading volume of 8,754,078 shares, compared to its average volume of 3,902,679. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The firm has a 50 day moving average price of $145.30 and a 200-day moving average price of $131.85. The stock has a market capitalization of $150.99 billion, a P/E ratio of 216.53, a PEG ratio of 9.55 and a beta of 4.17.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a research note on Wednesday, July 16th. Evercore ISI raised their target price on ARM from $173.00 to $178.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. The Goldman Sachs Group assumed coverage on ARM in a research note on Thursday, July 10th. They issued a "neutral" rating and a $160.00 target price for the company. Rosenblatt Securities restated a "buy" rating and issued a $180.00 target price on shares of ARM in a research note on Thursday, July 31st. Finally, BNP Paribas upgraded ARM from a "neutral" rating to an "outperform" rating and raised their target price for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.52.

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.