Strategic Blueprint LLC Reduces Position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Strategic Blueprint LLC lowered its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 38.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,468 shares of the company's stock after selling 4,113 shares during the quarter. Strategic Blueprint LLC's holdings in ARM were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ARM. TFC Financial Management Inc. boosted its stake in ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after acquiring an additional 165 shares in the last quarter. GeoWealth Management LLC boosted its stake in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC bought a new stake in ARM during the fourth quarter worth about $40,000. MorganRosel Wealth Management LLC bought a new position in shares of ARM in the first quarter worth approximately $53,000. Finally, Valley National Advisers Inc. lifted its stake in shares of ARM by 24.5% in the first quarter. Valley National Advisers Inc. now owns 763 shares of the company's stock worth $81,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Stock Performance

ARM stock traded down $8.21 during trading on Monday, hitting $146.88. 6,946,132 shares of the company's stock traded hands, compared to its average volume of 6,173,104. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $188.75. The business has a fifty day simple moving average of $135.29 and a 200 day simple moving average of $131.87. The stock has a market capitalization of $155.58 billion, a price-to-earnings ratio of 195.84, a P/E/G ratio of 7.12 and a beta of 4.19.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Cfra Research upgraded shares of ARM to a "hold" rating in a research note on Friday, March 21st. TD Cowen decreased their price objective on shares of ARM from $200.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Bank of America decreased their price objective on shares of ARM from $144.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Benchmark reissued a "hold" rating on shares of ARM in a report on Monday, June 9th. Finally, Loop Capital decreased their price objective on shares of ARM from $195.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.67.

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.