Diversify Wealth Management LLC Acquires New Holdings in ARM Holdings PLC Sponsored ADR $ARM

Diversify Wealth Management LLC purchased a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 67,852 shares of the company’s stock, valued at approximately $10,265,000.

Several other large investors have also modified their holdings of the company. CreativeOne Wealth LLC boosted its holdings in ARM by 5.0% during the fourth quarter. CreativeOne Wealth LLC now owns 1,830 shares of the company’s stock valued at $200,000 after acquiring an additional 87 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of ARM by 6.2% during the first quarter. AdvisorNet Financial Inc now owns 1,681 shares of the company’s stock worth $254,000 after buying an additional 98 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of ARM by 5.3% in the third quarter. Moors & Cabot Inc. now owns 2,050 shares of the company’s stock worth $290,000 after acquiring an additional 103 shares during the last quarter. Heritage Trust Co raised its stake in ARM by 5.5% during the 4th quarter. Heritage Trust Co now owns 2,045 shares of the company’s stock valued at $224,000 after purchasing an additional 107 shares during the last quarter. Finally, TrueMark Investments LLC grew its position in ARM by 1.4% in the 1st quarter. TrueMark Investments LLC now owns 7,592 shares of the company’s stock worth $1,149,000 after purchasing an additional 107 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of NASDAQ ARM traded down $4.48 during mid-day trading on Friday, hitting $323.39. 2,761,571 shares of the stock were exchanged, compared to its average volume of 9,361,516. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70. The stock’s fifty day simple moving average is $318.07 and its two-hundred day simple moving average is $196.78. The company has a market cap of $345.41 billion, a P/E ratio of 384.99, a PEG ratio of 11.74 and a beta of 3.76.

ARM (NASDAQ:ARM) last announced 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 for the quarter. As a group, equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jason Child sold 31,920 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Abbey sold 10,887 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $224.14, for a total value of $2,440,212.18. Following the completion of the sale, the insider owned 43,353 shares of the company’s stock, valued at approximately $9,717,141.42. This trade represents a 20.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 248,205 shares of company stock valued at $57,741,572.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. New Street Research lowered ARM from a “buy” rating to a “neutral” rating in a research note on Thursday, June 18th. Royal Bank Of Canada lifted their target price on shares of ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Guggenheim increased their target price on ARM from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. UBS Group upped their price target on ARM from $260.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group lifted their price objective on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Nineteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $279.83.

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.