ARM Holdings PLC Sponsored ADR $ARM Shares Bought by Paragon Capital Management Inc.

Paragon Capital Management Inc. grew its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 40.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,609 shares of the company’s stock after purchasing an additional 3,055 shares during the period. ARM comprises about 1.4% of Paragon Capital Management Inc.’s portfolio, making the stock its 17th biggest position. Paragon Capital Management Inc.’s holdings in ARM were worth $1,605,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ARM. Compound Planning Inc. boosted its stake in shares of 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 period. Rathbones Group PLC increased its stake in ARM by 0.7% during the 3rd quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock worth $1,493,000 after buying an additional 70 shares during the period. CreativeOne Wealth LLC increased its stake in ARM by 5.0% during the 4th quarter. CreativeOne Wealth LLC now owns 1,830 shares of the company’s stock worth $200,000 after buying an additional 87 shares during the period. US Bancorp DE lifted its holdings in ARM by 1.6% during the 3rd quarter. US Bancorp DE now owns 6,485 shares of the company’s stock worth $918,000 after buying an additional 99 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in ARM by 5.3% during the 3rd quarter. Moors & Cabot Inc. now owns 2,050 shares of the company’s stock worth $290,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Down 7.2%

NASDAQ ARM opened at $407.72 on Tuesday. 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 capitalization of $435.48 billion, a PE ratio of 485.38, a price-to-earnings-growth ratio of 15.96 and a beta of 3.77. The firm has a 50 day moving average of $276.32 and a two-hundred day moving average of $177.41.

ARM (NASDAQ:ARM) last announced its quarterly earnings data 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 company had revenue of $1.49 billion for the quarter. On average, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the transaction, the chief accounting officer owned 12,135 shares of the company’s stock, valued at $4,765,414.50. This represents a 48.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason Child sold 31,920 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total value of $7,231,156.80. Following the completion of the sale, the chief financial officer owned 174,232 shares in the company, valued at approximately $39,470,517.28. This represents a 15.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 301,338 shares of company stock valued at $66,030,158.

Wall Street Analyst Weigh In

Several equities analysts have commented on ARM shares. Jefferies Financial Group set a $290.00 price target on shares of ARM in a research report on Thursday, May 21st. Bank of America increased their price objective on ARM from $245.00 to $335.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Raymond James Financial reiterated an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of ARM in a research note on Tuesday, June 16th. Finally, The Goldman Sachs Group upped their price target on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a report on Thursday, May 7th. Nineteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.38.

ARM Company 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.