Employees Provident Fund Board Takes $120.24 Million Position in ARM Holdings PLC Sponsored ADR $ARM

Employees Provident Fund Board acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,100,000 shares of the company’s stock, valued at approximately $120,241,000.

Other institutional investors have also recently modified their holdings of the company. Compound Planning Inc. grew its holdings in ARM by 4.6% during the 3rd quarter. Compound Planning Inc. now owns 1,569 shares of the company’s stock valued at $222,000 after buying an additional 69 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of ARM by 0.7% in the third quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock worth $1,493,000 after acquiring an additional 70 shares during the last quarter. Kovack Advisors Inc. lifted its position in shares of 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 acquiring an additional 72 shares in the last quarter. CreativeOne Wealth LLC lifted its position in shares of ARM by 5.0% in 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 in the last quarter. Finally, US Bancorp DE boosted its stake in shares of ARM by 1.6% during the third quarter. US Bancorp DE now owns 6,485 shares of the company’s stock valued at $918,000 after acquiring an additional 99 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ARM

In other news, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the completion of the sale, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at $4,765,414.50. The trade was a 48.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total value of $7,231,156.80. Following the sale, the chief financial officer owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. The trade was a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 301,338 shares of company stock valued at $66,030,158 over the last 90 days.

ARM Price Performance

NASDAQ ARM opened at $439.46 on Friday. The company has a market cap of $469.38 billion, a P/E ratio of 523.17, a P/E/G ratio of 15.96 and a beta of 3.78. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $452.70. The company has a 50-day moving average of $271.16 and a 200-day moving average of $175.21.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. The business had revenue of $1.49 billion for 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

ARM has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. Jefferies Financial Group set a $290.00 target price on shares of ARM in a report on Thursday, May 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price target (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of ARM in a report on Tuesday. Finally, Royal Bank Of Canada boosted their price objective 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. Nineteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average price target 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.