U.S. Capital Wealth Advisors LLC Sells 1,912 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

U.S. Capital Wealth Advisors LLC trimmed its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 47.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,099 shares of the company's stock after selling 1,912 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in ARM were worth $224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in ARM in the 1st quarter worth approximately $229,000. Envestnet Asset Management Inc. boosted its stake in ARM by 0.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock worth $5,320,000 after purchasing an additional 353 shares during the period. Geode Capital Management LLC boosted its stake 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 purchasing an additional 848 shares during the period. PNC Financial Services Group Inc. boosted its stake in ARM by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,551 shares of the company's stock worth $1,302,000 after purchasing an additional 559 shares during the period. Finally, Spire Wealth Management boosted its stake 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 purchasing an additional 159 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of ARM in a research note on Thursday, May 8th. Cfra Research upgraded ARM to a "hold" rating in a research report on Friday, March 21st. Raymond James Financial lowered their target price on ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. KeyCorp lowered their target price on ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Barclays lowered their target price on ARM from $125.00 to $115.00 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, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

ARM Trading Down 1.8%

Shares of ARM stock traded down $2.61 during trading on Friday, hitting $145.94. 3,949,319 shares of the stock traded hands, compared to its average volume of 6,078,228. The firm has a market cap of $154.59 billion, a P/E ratio of 194.59, a price-to-earnings-growth ratio of 6.70 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $183.74. The stock's fifty day simple moving average is $138.50 and its 200 day simple moving average is $132.44.

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

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.