Vontobel Holding Ltd. Sells 16,518 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Vontobel Holding Ltd. reduced its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,630 shares of the company's stock after selling 16,518 shares during the period. Vontobel Holding Ltd.'s holdings in ARM were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock worth $12,990,000 after acquiring an additional 5,440 shares during the last quarter. QRG Capital Management Inc. bought a new stake in ARM during the 4th quarter worth approximately $493,000. Fisher Asset Management LLC grew its position in ARM by 81.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,008 shares of the company's stock worth $371,000 after acquiring an additional 1,351 shares during the last quarter. Jones Financial Companies Lllp grew its position in ARM by 23.1% during the 4th quarter. Jones Financial Companies Lllp now owns 28,352 shares of the company's stock worth $3,498,000 after acquiring an additional 5,328 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in ARM by 8.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,255 shares of the company's stock worth $1,388,000 after acquiring an additional 839 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price target on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Guggenheim increased their price target on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. JPMorgan Chase & Co. decreased their price target on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company decreased their price target on ARM from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Rosenblatt Securities decreased their price target on ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $154.67.

ARM Price Performance

Shares of ARM stock traded up $0.16 during trading hours on Friday, reaching $154.79. The company had a trading volume of 2,499,259 shares, compared to its average volume of 6,169,993. The company has a 50 day moving average of $135.29 and a 200 day moving average of $131.87. The firm has a market cap of $163.96 billion, a price-to-earnings ratio of 206.38, a P/E/G ratio of 7.12 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $188.75.

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