United Capital Management of KS Inc. Boosts Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• United Capital Management of KS Inc. increased its stake in ARM Holdings PLC by 3.9% in the first quarter, owning 94,210 shares valued at approximately $10.06 million.
• Several hedge funds also made significant moves, with Oak Grove Capital LLC increasing its position by 508.7%, now holding 14,000 shares worth about $1.5 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for ARM, with an average price target of $169.67, indicating strong growth expectations for the company.

United Capital Management of KS Inc. raised its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,210 shares of the company's stock after purchasing an additional 3,539 shares during the quarter. ARM comprises 2.1% of United Capital Management of KS Inc.'s holdings, making the stock its 13th biggest position. United Capital Management of KS Inc.'s holdings in ARM were worth $10,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GeoWealth Management LLC increased its stake in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. TFC Financial Management Inc. boosted its holdings in shares of ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 165 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of ARM in the 1st quarter valued at $34,000. Colonial Trust Co SC purchased a new stake in shares of ARM in the 4th quarter valued at $40,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of ARM in the 1st quarter valued at $53,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Trading Down 5.0%

ARM stock traded down $7.05 during midday trading on Tuesday, hitting $134.01. 4,702,132 shares of the stock were exchanged, compared to its average volume of 5,468,414. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88. The stock has a market capitalization of $141.58 billion, a price-to-earnings ratio of 203.05, a PEG ratio of 9.28 and a beta of 4.17. The stock's 50-day simple moving average is $148.97 and its 200 day simple moving average is $133.02.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly 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 business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the business earned $0.40 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARM. Mizuho raised their price target on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. The Goldman Sachs Group assumed coverage on shares of ARM in a report on Thursday, July 10th. They set a "neutral" rating and a $160.00 price objective on the stock. Seaport Res Ptn raised shares of ARM to a "strong-buy" rating in a report on Monday, August 11th. JPMorgan Chase & Co. decreased their price objective on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Loop Capital decreased their price objective on shares of ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.67.

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.