Telligent Fund LP Trims Stock Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Key Points

• Telligent Fund LP decreased its stake in ARM Holdings by 7.4%, holding 25,000 shares valued at approximately $2.67 million, making ARM the 14th largest holding in their portfolio.
• Institutional investors like Goldman Sachs increased their stakes significantly, with a growth of 59.3%, now owning over 6.5 million shares valued at around $702 million.
• ARM's quarterly earnings showed a slight increase in revenue, reporting $1.05 billion with an EPS of $0.35, surpassing analyst expectations, while the stock has a market cap of $149.02 billion.

Telligent Fund LP lessened its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the company's stock after selling 2,000 shares during the quarter. ARM accounts for approximately 3.0% of Telligent Fund LP's portfolio, making the stock its 14th largest holding. Telligent Fund LP's holdings in ARM were worth $2,670,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ARM. Goldman Sachs Group Inc. increased its stake in ARM by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after purchasing an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP purchased a new position in ARM in the 1st quarter worth approximately $170,287,000. First Trust Advisors LP increased its stake in ARM by 1.9% in the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock worth $109,644,000 after purchasing an additional 16,400 shares during the period. Polar Capital Holdings Plc increased its stake in ARM by 11.3% in the 4th quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock worth $94,240,000 after purchasing an additional 77,420 shares during the period. Finally, Invesco Ltd. increased its stake in ARM by 9.5% in the 1st quarter. Invesco Ltd. now owns 576,020 shares of the company's stock worth $61,513,000 after purchasing an additional 49,805 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Trading Down 1.2%

ARM stock traded down $1.64 during trading on Friday, reaching $138.91. The stock had a trading volume of 3,425,978 shares, compared to its average volume of 5,490,024. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $182.88. The stock's 50 day moving average is $148.81 and its two-hundred day moving average is $133.46. The firm has a market cap of $146.76 billion, a PE ratio of 210.47, a PEG ratio of 9.46 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. ARM's revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Benchmark reaffirmed a "hold" rating on shares of ARM in a research note on Monday, June 9th. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research note on Thursday, July 31st. Seaport Res Ptn raised ARM to a "strong-buy" rating in a research note on Monday. Rosenblatt Securities reissued a "buy" rating and set a $180.00 target price on shares of ARM in a research note on Thursday, July 31st. Finally, Wells Fargo & Company boosted their target price on ARM from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $169.67.

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.