Slow Capital Inc. Acquires Shares of 24,396 ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Slow Capital Inc. acquired 24,396 shares of ARM Holdings PLC, valued at approximately $3,946,000, as part of their second quarter investment strategy.
• ARM Holdings reported earnings of $0.35 EPS for the last quarter, exceeding analyst expectations, and their revenue increased by 12.1% year-over-year.
• Analyst ratings for ARM show widespread confidence, with one Strong Buy rating, eighteen Buy ratings, and a consensus target price of $168.52.

Slow Capital Inc. acquired a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,396 shares of the company's stock, valued at approximately $3,946,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC purchased a new stake in shares of ARM in the 2nd quarter valued at $218,000. Willner & Heller LLC increased its holdings in shares of ARM by 21.4% in the 2nd quarter. Willner & Heller LLC now owns 10,090 shares of the company's stock valued at $1,632,000 after acquiring an additional 1,780 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of ARM in the 2nd quarter valued at $75,000. Tower View Wealth Management LLC boosted its position in shares of ARM by 1.2% in the 2nd quarter. Tower View Wealth Management LLC now owns 20,809 shares of the company's stock valued at $3,366,000 after purchasing an additional 240 shares during the period. Finally, Northstar Group Inc. boosted its holdings in shares of ARM by 19.8% in the second quarter. Northstar Group Inc. now owns 2,570 shares of the company's stock valued at $416,000 after acquiring an additional 425 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Stock Performance

ARM opened at $156.22 on Tuesday. The company has a market cap of $165.05 billion, a PE ratio of 236.70, a price-to-earnings-growth ratio of 9.28 and a beta of 4.10. The stock has a 50-day moving average of $142.86 and a 200-day moving average of $134.11. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results 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. ARM had a return on equity of 15.56% and a net margin of 16.96%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $0.40 EPS. The company's revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ARM. UBS Group reduced their target price on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Benchmark reissued a "hold" rating on shares of ARM in a report on Monday, June 9th. Seaport Res Ptn upgraded ARM to a "strong-buy" rating in a research note on Monday, August 11th. Mizuho raised their price target on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. 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 investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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