Stony Point Capital LLC Buys 36,459 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Stony Point Capital LLC increased its stake in ARM Holdings PLC by 46.4% during the first quarter, owning 114,992 shares worth approximately $12.28 million.
• Several institutional investors have significantly modified their holdings in ARM, with Vident Advisory LLC raising its position by 87.5% to own 236,312 shares valued at $25.24 million.
• Despite a year-over-year revenue increase of 12.1%, ARM Holdings reported an EPS of $0.35, slightly exceeding analyst estimates of $0.34.

Stony Point Capital LLC lifted its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,992 shares of the company's stock after buying an additional 36,459 shares during the period. Stony Point Capital LLC's holdings in ARM were worth $12,280,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. TFC Financial Management Inc. lifted its stake in 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 in the last quarter. Brooklyn Investment Group bought a new stake in shares of ARM in the 1st quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of ARM in the first quarter valued at about $34,000. Colonial Trust Co SC purchased a new stake in shares of ARM in the fourth quarter valued at about $40,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of ARM during the first quarter valued at about $53,000. Institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Loop Capital cut their price target on shares of ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Benchmark reissued a "hold" rating on shares of ARM in a research report on Monday, June 9th. Guggenheim upped their target price on ARM from $147.00 to $187.00 and gave the company a "buy" rating in a report on Monday, June 30th. KeyCorp reiterated an "overweight" rating and set a $190.00 price target (up from $175.00) on shares of ARM in a report on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price objective on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.67.

ARM Price Performance

Shares of NASDAQ ARM traded down $4.24 during trading on Friday, reaching $138.31. 3,604,155 shares of the stock traded hands, compared to its average volume of 3,831,891. The stock has a market capitalization of $146.13 billion, a P/E ratio of 209.56, a price-to-earnings-growth ratio of 9.24 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88. The company has a 50-day moving average of $148.11 and a 200-day moving average of $131.45.

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

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.