Willner & Heller LLC Boosts Stock Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Willner & Heller LLC raised its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 26.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,310 shares of the company's stock after purchasing an additional 1,720 shares during the period. Willner & Heller LLC's holdings in ARM were worth $887,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership grew its position in shares of ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after buying an additional 860,716 shares during the last quarter. Schroder Investment Management Group grew its position in shares of ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after buying an additional 464,719 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of ARM in the 4th quarter worth approximately $51,901,000. Banque Transatlantique SA purchased a new position in shares of ARM in the 4th quarter worth approximately $37,440,000. Finally, Raymond James Financial Inc. purchased a new position in shares of ARM in the 4th quarter worth approximately $32,655,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Stock Performance

NASDAQ ARM traded up $0.50 during mid-day trading on Friday, reaching $157.68. 1,757,875 shares of the stock were exchanged, compared to its average volume of 6,032,633. The business's 50 day moving average is $140.85 and its 200-day moving average is $133.03. The company has a market capitalization of $166.59 billion, a P/E ratio of 209.93, a P/E/G ratio of 7.07 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 $182.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. ARM had a net margin of 19.76% and a return on equity of 17.97%. The firm's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Equities analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARM. Rosenblatt Securities dropped their target price on shares of ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Citigroup dropped their target price on shares of ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group began coverage on shares of ARM in a research report on Thursday, July 10th. They set a "neutral" rating and a $160.00 target price on the stock. Loop Capital dropped 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. Finally, Mizuho boosted their target price on shares of ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and an average price target of $158.87.

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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