Swedbank AB Invests $18.67 Million in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Swedbank AB purchased a new stake in ARM Holdings PLC by acquiring 174,800 shares, valued at approximately $18.67 million, during the first quarter.
• Institutional investors have shown increasing interest in ARM, with Goldman Sachs raising its stake by 59.3% to nearly $702 million, and other firms also increasing their holdings significantly.
• Analysts generally view ARM positively, with a consensus target price of $168.52 and various upgrades, including a "strong-buy" rating from Seaport Res Ptn.

Swedbank AB bought a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 174,800 shares of the company's stock, valued at approximately $18,667,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in ARM by 59.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after purchasing an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP bought a new stake in ARM in the first quarter worth approximately $170,287,000. American Century Companies Inc. lifted its stake in ARM by 112.3% in the first quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock valued at $75,112,000 after buying an additional 372,081 shares during the period. Invesco Ltd. boosted its holdings in shares of ARM by 9.5% during the 1st quarter. Invesco Ltd. now owns 576,020 shares of the company's stock worth $61,513,000 after buying an additional 49,805 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of ARM by 26.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 438,926 shares of the company's stock worth $47,285,000 after buying an additional 93,117 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARM. Wells Fargo & Company increased their target price on shares of ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, July 31st. Evercore ISI increased their target price on ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. UBS Group cut their target price on ARM from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ARM currently has a consensus rating of "Moderate Buy" and an average target price of $168.52.

ARM Stock Down 0.0%

NASDAQ ARM traded down $0.01 on Tuesday, reaching $153.85. The company had a trading volume of 2,380,301 shares, compared to its average volume of 5,294,833. The stock has a market capitalization of $162.54 billion, a P/E ratio of 233.11, a P/E/G ratio of 10.07 and a beta of 4.17. The company's fifty day moving average is $145.17 and its 200 day moving average is $131.18. 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 released its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business 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%.ARM's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. On average, research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current 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.