Rheos Capital Works Inc. Purchases 30,000 Shares of ARM Holdings PLC Sponsored ADR $ARM

Rheos Capital Works Inc. raised its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,600 shares of the company’s stock after purchasing an additional 30,000 shares during the period. ARM accounts for approximately 1.3% of Rheos Capital Works Inc.’s holdings, making the stock its 28th biggest position. Rheos Capital Works Inc.’s holdings in ARM were worth $19,632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of ARM by 126.0% during the 3rd quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of ARM during the 3rd quarter valued at about $28,000. FWL Investment Management LLC bought a new position in shares of ARM during the 2nd quarter valued at about $34,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of ARM by 238.1% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. Finally, Financial Consulate Inc. bought a new position in shares of ARM during the 3rd quarter valued at about $45,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $148.77 on Tuesday. The firm’s 50 day simple moving average is $126.75 and its 200-day simple moving average is $134.00. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $183.16. The firm has a market cap of $157.18 billion, a PE ratio of 198.36, a price-to-earnings-growth ratio of 6.65 and a beta of 3.33.

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

Insider Buying and Selling

In other news, CEO Rene A. Haas sold 23,867 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $161.17, for a total transaction of $3,846,644.39. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Child sold 21,280 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the transaction, the chief financial officer owned 174,706 shares in the company, valued at approximately $25,921,129.22. This represents a 10.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 53,133 shares of company stock worth $8,288,586.

Analyst Upgrades and Downgrades

ARM has been the subject of several research reports. New Street Research raised shares of ARM from a “neutral” rating to a “buy” rating in a report on Thursday, February 5th. Bank of America restated a “neutral” rating and set a $120.00 target price on shares of ARM in a research report on Tuesday, January 13th. Wells Fargo & Company increased their price objective on shares of ARM from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Susquehanna raised shares of ARM from a “neutral” rating to a “positive” rating and set a $150.00 price objective on the stock in a research report on Wednesday, January 21st. Finally, Morgan Stanley reduced their target price on shares of ARM from $180.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Nineteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.50.

About ARM

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.