ARM Holdings PLC Sponsored ADR $ARM Shares Acquired by Capital Research Global Investors

Capital Research Global Investors lifted its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,805,110 shares of the company’s stock after buying an additional 86,978 shares during the quarter. Capital Research Global Investors’ holdings in ARM were worth $197,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of ARM by 22.1% during the 3rd quarter. Bank of America Corp DE now owns 1,802,973 shares of the company’s stock worth $255,103,000 after buying an additional 326,230 shares during the last quarter. Invesco Ltd. raised its stake in shares of ARM by 28.2% during the 3rd quarter. Invesco Ltd. now owns 1,772,123 shares of the company’s stock worth $250,738,000 after buying an additional 390,217 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of ARM by 2,623.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock worth $182,743,000 after buying an additional 1,610,403 shares during the last quarter. Hyperion Asset Management Ltd acquired a new position in shares of ARM during the 3rd quarter worth $202,980,000. Finally, Altimeter Capital Management LP raised its stake in shares of ARM by 17.7% during the 3rd quarter. Altimeter Capital Management LP now owns 1,098,139 shares of the company’s stock worth $155,376,000 after buying an additional 164,931 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Insider Activity at ARM

In other news, CEO Rene A. Haas sold 23,867 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 290,965 shares of the company’s stock, valued at $46,894,829.05. This represents a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Spencer Collins sold 51,961 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the transaction, the insider directly owned 51,125 shares of the company’s stock, valued at approximately $10,824,696.25. This represents a 50.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 301,338 shares of company stock worth $66,030,158.

ARM Price Performance

NASDAQ ARM opened at $346.39 on Tuesday. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $427.99. The company has a 50-day moving average of $228.47 and a 200-day moving average of $159.59. The company has a market cap of $369.97 billion, a P/E ratio of 412.37, a P/E/G ratio of 12.45 and a beta of 3.77.

ARM (NASDAQ:ARM) last posted 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 during the quarter. As a group, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ARM shares. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Monday, April 20th. Sanford C. Bernstein started coverage on shares of ARM in a research note on Monday, May 18th. They issued an “outperform” rating and a $300.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Twenty equities research 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’s stock. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $230.04.

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.