Venture Visionary Partners LLC Acquires 2,235 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Venture Visionary Partners LLC increased its stake in ARM Holdings PLC by 6.6%, acquiring an additional 2,235 shares during the second quarter, bringing their total ownership to 36,045 shares valued at approximately $5.83 million.
• ARM reported $1.05 billion in revenue for the last quarter, marking a 12.1% year-over-year increase, although it fell slightly short of analysts' expectations.
• Several analysts have recently raised their target prices for ARM stock, with updates from firms such as Evercore ISI and Morgan Stanley, indicating an overall positive outlook for the stock's future performance.

Venture Visionary Partners LLC grew its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,045 shares of the company's stock after acquiring an additional 2,235 shares during the period. Venture Visionary Partners LLC's holdings in ARM were worth $5,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ARM. Goldman Sachs Group Inc. grew 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 acquiring an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP bought a new position in ARM in the 1st quarter worth $170,287,000. American Century Companies Inc. boosted its holdings in ARM by 112.3% in the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after buying an additional 372,081 shares during the period. Jefferies Financial Group Inc. bought a new position in ARM in the 1st quarter worth $19,565,000. Finally, Altimeter Capital Management LP bought a new position in ARM in the 1st quarter worth $18,752,000. Institutional investors own 7.53% of the company's stock.

ARM Stock Up 0.1%

Shares of ARM stock opened at $139.80 on Tuesday. The stock has a market cap of $147.70 billion, a P/E ratio of 211.82, a PEG ratio of 9.33 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $182.88. The company's fifty day simple moving average is $143.87 and its two-hundred 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 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. On average, analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ARM shares. Evercore ISI upped their target price on shares of ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. BNP Paribas Exane raised shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a report on Wednesday, July 16th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $180.00 target price on shares of ARM in a report on Thursday, July 31st. Morgan Stanley upped their target price on shares of ARM from $150.00 to $194.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Mizuho boosted their price target on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.52.

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.

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