Newbridge Financial Services Group Inc. Grows Stock Position in ARM Holdings PLC Sponsored ADR $ARM

Newbridge Financial Services Group Inc. raised its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 54.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,145 shares of the company’s stock after buying an additional 31,610 shares during the quarter. ARM comprises 1.5% of Newbridge Financial Services Group Inc.’s holdings, making the stock its 16th largest position. Newbridge Financial Services Group Inc.’s holdings in ARM were worth $9,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in ARM by 126.0% in the third quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock valued at $25,000 after buying an additional 97 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in ARM in the third quarter valued at about $28,000. FWL Investment Management LLC purchased a new stake in ARM in the second quarter valued at about $34,000. Strategic Investment Solutions Inc. IL raised its stake in ARM by 238.1% in the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after buying an additional 200 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new stake in ARM in the second quarter valued at about $49,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Trading Down 0.2%

Shares of ARM stock opened at $148.77 on Tuesday. The stock has a 50 day moving average of $126.75 and a 200 day moving average of $134.00. The stock has a market cap of $157.18 billion, a P/E ratio of 198.36, a P/E/G ratio of 6.65 and a beta of 3.33. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $183.16.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. ARM had a return on equity of 14.01% and a net margin of 17.15%.ARM’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. On average, research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ARM. Needham & Company LLC upgraded ARM from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Thursday, March 26th. Morgan Stanley reduced their price objective on ARM from $180.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. The Goldman Sachs Group cut ARM from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $160.00 to $120.00 in a research note on Monday, December 15th. Wells Fargo & Company raised their price objective on ARM from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Finally, JPMorgan Chase & Co. reduced their price objective on ARM from $180.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Nineteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.50.

Insider Activity at ARM

In related news, CEO Rene A. Haas sold 23,867 shares of ARM stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total transaction of $3,846,644.39. Following the completion of the transaction, the chief executive officer directly owned 290,965 shares in the company, valued at approximately $46,894,829.05. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Child sold 21,280 shares of ARM stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $148.37, for a total value of $3,157,313.60. Following the transaction, the chief financial officer owned 174,706 shares of the company’s stock, valued at approximately $25,921,129.22. This represents a 10.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 53,133 shares of company stock valued at $8,288,586.

ARM Profile

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.