Sustainable Growth Advisers LP Acquires Shares of 1,594,594 ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Sustainable Growth Advisers LP bought a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,594,594 shares of the company's stock, valued at approximately $170,287,000. Sustainable Growth Advisers LP owned approximately 0.15% of ARM as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sowell Financial Services LLC purchased a new stake in ARM in the first quarter worth $229,000. Envestnet Asset Management Inc. grew its stake in shares of ARM by 0.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock worth $5,320,000 after acquiring an additional 353 shares during the period. Geode Capital Management LLC increased its holdings in ARM by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 108,531 shares of the company's stock worth $13,388,000 after acquiring an additional 848 shares during the last quarter. Spire Wealth Management increased its holdings in ARM by 15.7% in the 1st quarter. Spire Wealth Management now owns 1,174 shares of the company's stock worth $125,000 after acquiring an additional 159 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in ARM by 19.2% in the 1st quarter. Cerity Partners LLC now owns 14,671 shares of the company's stock valued at $1,567,000 after acquiring an additional 2,358 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Price Performance

NASDAQ ARM traded up $0.71 on Thursday, reaching $159.99. 2,221,375 shares of the company's stock traded hands, compared to its average volume of 4,766,023. The stock has a market cap of $169.03 billion, a PE ratio of 213.32, a P/E/G ratio of 9.19 and a beta of 4.19. The stock has a 50-day simple moving average of $144.06 and a 200 day simple moving average of $133.93. ARM Holdings PLC Sponsored ADR has a 12 month low of $80.00 and a 12 month high of $182.88.

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

Analyst Ratings Changes

ARM has been the subject of a number of research reports. KeyCorp cut their target price on shares of ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Morgan Stanley dropped their price target on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Barclays reduced their price objective on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup dropped their target price on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their price target on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.04.

ARM Company 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.