Vontobel Holding Ltd. Sells 3,007 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Vontobel Holding Ltd. reduced its stake in ARM Holdings PLC by 12.2%, selling 3,007 shares, and now holds a total of 21,623 shares valued at approximately $3.5 million.
• ARM reported earnings of $0.35 per share for the last quarter, exceeding expectations, with a year-on-year revenue increase of 12.1% to $1.05 billion.
• Multiple research firms have recently upgraded their ratings on ARM, with a consensus price target now set at $167.43, reflecting positive market sentiment.

Vontobel Holding Ltd. trimmed its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 12.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,623 shares of the company's stock after selling 3,007 shares during the quarter. Vontobel Holding Ltd.'s holdings in ARM were worth $3,497,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of ARM in the second quarter worth about $39,000. Brooklyn Investment Group purchased a new position in ARM in the first quarter worth about $28,000. TFC Financial Management Inc. grew its position in ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock worth $28,000 after acquiring an additional 165 shares in the last quarter. ORG Partners LLC purchased a new position in ARM in the second quarter worth about $48,000. Finally, N.E.W. Advisory Services LLC purchased a new position in ARM in the first quarter worth about $34,000. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of NASDAQ:ARM opened at $154.93 on Friday. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88. The business has a 50 day simple moving average of $143.78 and a two-hundred day simple moving average of $135.04. The firm has a market capitalization of $163.68 billion, a PE ratio of 234.74, a price-to-earnings-growth ratio of 11.13 and a beta of 4.10.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ARM. KeyCorp reiterated an "overweight" rating and issued a $190.00 price target (up previously from $175.00) on shares of ARM in a research report on Thursday, July 31st. Raymond James Financial lifted their price target on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Seaport Res Ptn upgraded ARM to a "strong-buy" rating in a research report on Monday, August 11th. UBS Group dropped their price target on ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, BNP Paribas upgraded ARM from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $110.00 to $210.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.43.

ARM Company 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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