Northwestern Mutual Wealth Management Co. Purchases 1,610,403 Shares of ARM Holdings PLC Sponsored ADR $ARM

Northwestern Mutual Wealth Management Co. boosted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 2,623.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,671,787 shares of the company’s stock after buying an additional 1,610,403 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ARM were worth $182,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Compound Planning Inc. raised its position in ARM by 4.6% in the third quarter. Compound Planning Inc. now owns 1,569 shares of the company’s stock valued at $222,000 after purchasing an additional 69 shares during the last quarter. Ritholtz Wealth Management raised its position in ARM by 3.0% in the third quarter. Ritholtz Wealth Management now owns 2,439 shares of the company’s stock valued at $345,000 after purchasing an additional 70 shares during the last quarter. Rathbones Group PLC raised its position in ARM by 0.7% in the third quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock valued at $1,493,000 after purchasing an additional 70 shares during the last quarter. Nwam LLC raised its position in ARM by 4.3% in the third quarter. Nwam LLC now owns 1,711 shares of the company’s stock valued at $242,000 after purchasing an additional 71 shares during the last quarter. Finally, Kovack Advisors Inc. raised its position in ARM by 2.0% in the third quarter. Kovack Advisors Inc. now owns 3,602 shares of the company’s stock valued at $510,000 after purchasing an additional 72 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

NASDAQ ARM opened at $209.16 on Friday. The business has a 50 day simple moving average of $164.92 and a 200 day simple moving average of $140.59. ARM Holdings PLC Sponsored ADR has a one year low of $100.02 and a one year high of $239.50. The stock has a market capitalization of $220.98 billion, a P/E ratio of 249.00, a P/E/G ratio of 7.21 and a beta of 3.40.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The business had revenue of $1.49 billion during the quarter. Equities analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Rene A. Haas sold 9,299 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $160.85, for a total transaction of $1,495,744.15. Following the completion of the sale, the chief executive officer owned 273,680 shares of the company’s stock, valued at $44,021,428. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Spencer Collins sold 51,961 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the sale, the insider directly owned 51,125 shares of the company’s stock, valued at $10,824,696.25. This represents a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 135,673 shares of company stock valued at $24,616,433 over the last 90 days.

ARM News Summary

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm’s software and hardware ecosystem continues to reinforce its competitive moat, supporting its leadership in smartphones and device computing. ARM’s Powerful Ecosystem Advantage Drives Market Leadership
• Positive Sentiment: Recent reporting says Arm and SoftBank tried to buy Cerebras, signaling continued ambition to expand Arm’s footprint in AI semiconductors. Arm’s Cerebras Bid Sheds Light On AI Chip Expansion Plans
• Positive Sentiment: UBS data showed ARM gaining server chip share at Intel’s expense, reinforcing the bull case for Arm’s long-term growth in data center and AI-related markets. New report shows AMD and ARM continue server share gains at Intel’s expense
• Neutral Sentiment: Analysts warned that the AI trade may be taking a breather, which has weighed on chip stocks broadly rather than on ARM-specific fundamentals. The AI Trade Takes a Breather to End the Week
• Neutral Sentiment: A major insider sale by Spencer Collins may be adding near-term pressure, though it does not change the company’s operating outlook by itself. ARM Insider Spencer Collins Sells 51,961 Shares
• Negative Sentiment: Another market note linked ARM to warnings about a potential chip-stock bubble, contributing to the day’s risk-off sentiment in semiconductor names. Intel Stock Is Falling as Analyst Issues Chip-Stock Bubble Warning

Analysts Set New Price Targets

Several equities analysts have commented on ARM shares. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Rosenblatt Securities increased their price target on ARM from $175.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Mizuho increased their price target on ARM from $230.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ARM in a research note on Thursday, May 7th. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $199.61.

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.