Stonehage Fleming Financial Services Holdings Ltd Acquires Shares of 3,341 ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Stonehage Fleming Financial Services purchased 3,341 shares of ARM Holdings PLC, valued at approximately $540,000, during the second quarter.
• ARM Holdings stock is currently trading down by 9.2%, with a market cap of $163.68 billion and a P/E ratio of 234.74.
• Analysts have mixed ratings on ARM, with 18 Buy ratings, one Sell rating, and a consensus price target of $167.43.

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,341 shares of the company's stock, valued at approximately $540,000.

Other institutional investors have also made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in shares of ARM in the first quarter valued at approximately $229,000. Swedbank AB bought a new stake in shares of ARM in the first quarter valued at approximately $18,667,000. Integrated Wealth Concepts LLC boosted its stake in shares of ARM by 24.0% in the first quarter. Integrated Wealth Concepts LLC now owns 10,465 shares of the company's stock valued at $1,118,000 after buying an additional 2,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ARM by 12.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 107,728 shares of the company's stock valued at $11,505,000 after buying an additional 11,953 shares during the period. Finally, Global X Japan Co. Ltd. lifted its stake in ARM by 638.4% during the second quarter. Global X Japan Co. Ltd. now owns 80,239 shares of the company's stock worth $12,978,000 after purchasing an additional 69,372 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Down 9.2%

Shares of ARM stock opened at $154.93 on Friday. The business has a 50-day moving average price of $143.78 and a two-hundred day moving average price of $135.18. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $182.88. The company has a market cap of $163.68 billion, a P/E ratio of 234.74, a PEG ratio of 10.10 and a beta of 4.10.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.40 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ARM. Seaport Res Ptn upgraded ARM to a "strong-buy" rating in a research note on Monday, August 11th. UBS Group cut their target price on ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Weiss Ratings restated a "hold (c)" rating on shares of ARM in a research note on Wednesday. TD Cowen upped their target price on ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Evercore ISI upped their target price on ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.43.

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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