TFB Advisors LLC Buys Shares of 2,584 ARM Holdings PLC Sponsored ADR $ARM

Key Points

• TFB Advisors LLC has acquired a new stake in ARM Holdings PLC, purchasing 2,584 shares valued at approximately $276,000 during the 1st quarter of the year.
• Institutional investors have significantly increased their investments in ARM, with firms like Banco Bilbao Vizcaya Argentaria S.A. expanding their holdings by 41.3% and BI Asset Management Fondsmaeglerselskab A S increasing theirs by an impressive 236.3% in the same period.
• ARM's stock opened at $131.16 with a market cap of $138.57 billion, while the company recently reported a quarterly earnings per share of $0.35, slightly surpassing analysts' expectations.

TFB Advisors LLC purchased a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,584 shares of the company's stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARM. Goldman Sachs Group Inc. increased its position in shares of 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 last quarter. Sustainable Growth Advisers LP bought a new position in shares of ARM during the 1st quarter valued at $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 worth $75,112,000 after purchasing an additional 372,081 shares during the last quarter. Banque Transatlantique SA purchased a new stake in ARM during the fourth quarter valued at about $37,440,000. Finally, Woodline Partners LP grew its stake in shares of ARM by 9,501.0% during the fourth quarter. Woodline Partners LP now owns 213,238 shares of the company's stock valued at $26,305,000 after buying an additional 211,017 shares during the last quarter. Institutional investors own 7.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Loop Capital dropped their target price on ARM from $195.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Seaport Res Ptn raised shares of ARM to a "strong-buy" rating in a research note on Monday, August 11th. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a report on Wednesday, July 16th. Finally, Bank of America cut their price target on shares of ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $169.67.

ARM Price Performance

ARM stock traded up $2.29 during mid-day trading on Tuesday, reaching $140.07. 1,270,045 shares of the company traded hands, compared to its average volume of 5,405,436. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88. The firm has a market capitalization of $147.98 billion, a price-to-earnings ratio of 211.59, a P/E/G ratio of 9.22 and a beta of 4.17. The firm's 50 day moving average price is $148.51 and its 200 day moving average price is $131.99.

ARM (NASDAQ:ARM - Get Free Report) last announced 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 net margin of 16.96% and a return on equity of 15.56%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate 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.