Arm Holdings PLC (ARMH) Shares Bought by Trillium Asset Management LLC
Trillium Asset Management LLC raised its stake in Arm Holdings PLC (NASDAQ:ARMH) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 163,326 shares of the company’s stock after buying an additional 765 shares during the period. Trillium Asset Management LLC’s holdings in Arm Holdings PLC were worth $7,433,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in ARMH. Bank of Montreal Can bought a new position in shares of Arm Holdings PLC during the second quarter worth $317,579,000. TimesSquare Capital Management LLC bought a new position in shares of Arm Holdings PLC during the first quarter worth $38,884,000. Loomis Sayles & Co. L P increased its position in shares of Arm Holdings PLC by 8.6% in the first quarter. Loomis Sayles & Co. L P now owns 8,252,784 shares of the company’s stock worth $360,564,000 after buying an additional 655,772 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Arm Holdings PLC by 9.1% in the first quarter. JPMorgan Chase & Co. now owns 2,884,813 shares of the company’s stock worth $126,038,000 after buying an additional 241,094 shares during the last quarter. Finally, OLD Mission Capital LLC increased its position in shares of Arm Holdings PLC by 188.8% in the first quarter. OLD Mission Capital LLC now owns 281,036 shares of the company’s stock worth $12,278,000 after buying an additional 183,722 shares during the last quarter. 19.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Arm Holdings PLC (NASDAQ:ARMH) remained flat at $67.77 during midday trading on Wednesday. Arm Holdings PLC has a 52 week low of $36.68 and a 52 week high of $67.93. The company has a 50-day moving average of $65.71 and a 200-day moving average of $48.36.
Arm Holdings PLC (NASDAQ:ARMH) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.27. The company had revenue of $267.60 million for the quarter, compared to analyst estimates of $393.45 million. Arm Holdings PLC had a return on equity of 20.44% and a net margin of 34.03%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. Equities analysts anticipate that Arm Holdings PLC will post $1.48 EPS for the current year.
The business also recently declared a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, September 8th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 6th. Arm Holdings PLC’s dividend payout ratio is currently 30.09%.
A number of research analysts recently weighed in on the company. Canaccord Genuity reissued a “buy” rating on shares of Arm Holdings PLC in a research note on Sunday, June 26th. William Blair downgraded Arm Holdings PLC from an “outperform” rating to a “market perform” rating in a research note on Monday, July 18th. Benchmark Co. downgraded Arm Holdings PLC from a “buy” rating to a “hold” rating and set a $67.21 price objective on the stock. in a research note on Monday, July 18th. Pacific Crest reaffirmed a “hold” rating on shares of Arm Holdings PLC in a report on Thursday, July 28th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Arm Holdings PLC in a report on Thursday, July 28th. Twenty-three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.43.
Arm Holdings PLC Company Profile
ARM Holdings plc (ARM) is a company engaged in designing a range of inter-related intellectual property (IP), including microprocessors, Physical IP, and supporting software and tools. Its product offering includes 16/32/64-bit reduced instruction set computing (RISC) microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products.
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