44,829 Shares in ARM Holdings PLC Sponsored ADR $ARM Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 44,829 shares of the company’s stock, valued at approximately $4,900,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARM. Morgan Stanley lifted its stake in shares of ARM by 1.2% in the 4th quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock valued at $413,521,000 after purchasing an additional 45,314 shares during the period. Invesco Ltd. grew its stake in shares of ARM by 36.9% during the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock worth $265,279,000 after purchasing an additional 654,727 shares during the period. Coatue Management LLC grew its stake in shares of ARM by 1.8% during the fourth quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock worth $251,413,000 after purchasing an additional 40,174 shares during the period. Wellington Management Group LLP increased its holdings in ARM by 41.6% in the fourth quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock valued at $234,925,000 after purchasing an additional 631,576 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in ARM by 11.0% in the fourth quarter. Schroder Investment Management Group now owns 1,891,310 shares of the company’s stock valued at $206,739,000 after purchasing an additional 187,035 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

NASDAQ ARM opened at $439.46 on Friday. The business has a 50 day simple moving average of $265.35 and a 200 day simple moving average of $173.35. ARM Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70. The stock has a market cap of $469.38 billion, a price-to-earnings ratio of 523.17, a PEG ratio of 15.21 and a beta of 3.78.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised their target price on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a report on Thursday, May 7th. Wells Fargo & Company increased their price target on shares of ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a report on Thursday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of ARM in a research report on Tuesday. Finally, Mizuho raised their price objective on ARM from $425.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Nineteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $253.38.

Insider Activity at ARM

In related news, insider Charlotte Claire Eaton sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $282.77, for a total transaction of $1,131,080.00. Following the sale, the insider directly owned 7,805 shares in the company, valued at $2,207,019.85. This trade represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William Abbey sold 6,566 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $402.72, for a total transaction of $2,644,259.52. Following the completion of the sale, the insider directly owned 20,563 shares in the company, valued at $8,281,131.36. This represents a 24.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 301,338 shares of company stock worth $66,030,158 over the last three months.

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.