Venture Visionary Partners LLC Has $3.61 Million Position in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Venture Visionary Partners LLC increased its holdings in ARM Holdings PLC by 10.3%, acquiring an additional 3,165 shares, bringing their total to 33,810 shares valued at approximately $3.6 million.
• Wall Street analysts generally favor ARM, with a current average rating of "Moderate Buy" and an average target price of $169.67, despite varying price targets from major firms.
• ARM's latest earnings report showed earnings per share of $0.35, slightly outpacing estimates, with a revenue of $1.05 billion, marking a 12.1% increase compared to the same quarter last year.

Venture Visionary Partners LLC lifted its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 10.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 33,810 shares of the company's stock after acquiring an additional 3,165 shares during the period. Venture Visionary Partners LLC's holdings in ARM were worth $3,611,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of ARM during the 1st quarter valued at about $229,000. Envestnet Asset Management Inc. boosted its position in shares of ARM by 0.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock valued at $5,320,000 after acquiring an additional 353 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ARM by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 108,531 shares of the company's stock valued at $13,388,000 after acquiring an additional 848 shares in the last quarter. Spire Wealth Management boosted its position in shares of ARM by 15.7% during the 1st quarter. Spire Wealth Management now owns 1,174 shares of the company's stock valued at $125,000 after acquiring an additional 159 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of ARM by 19.2% during the 1st quarter. Cerity Partners LLC now owns 14,671 shares of the company's stock valued at $1,567,000 after acquiring an additional 2,358 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARM has been the topic of several recent research reports. Loop Capital decreased their target price on shares of ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Rosenblatt Securities reissued a "buy" rating and set a $180.00 price target on shares of ARM in a report on Thursday, July 31st. TD Cowen lifted their price target on shares of ARM from $155.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their price target on shares of ARM from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, BNP Paribas raised shares of ARM from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $110.00 to $210.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $169.67.

ARM Stock Performance

ARM traded up $4.64 during midday trading on Friday, hitting $137.92. The company had a trading volume of 4,038,830 shares, compared to its average volume of 5,256,072. The company has a market capitalization of $145.71 billion, a PE ratio of 208.97, a P/E/G ratio of 8.91 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The firm's 50-day simple moving average is $148.60 and its 200-day simple moving average is $132.69.

ARM (NASDAQ:ARM - Get Free Report) last issued 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. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the company earned $0.40 EPS. ARM's revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal 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.