Analysts Set ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) PT at $279.83

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) has received a consensus rating of “Moderate Buy” from the twenty-seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $279.8333.

Several brokerages have recently issued reports on ARM. Susquehanna upped their price objective on ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a report on Thursday, April 16th. Jefferies Financial Group set a $290.00 target price on shares of ARM in a report on Thursday, May 21st. Bank of America boosted their price target on shares of ARM from $335.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ARM in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research report on Thursday, May 7th.

Insider Buying and Selling at ARM

In related news, insider Charlotte Claire Eaton sold 4,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $282.77, for a total value of $1,131,080.00. Following the completion of the transaction, the insider owned 7,805 shares of the company’s stock, valued at approximately $2,207,019.85. This trade represents a 33.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Abbey sold 6,566 shares of ARM stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $402.72, for a total value of $2,644,259.52. Following the completion of the transaction, the insider owned 20,563 shares of the company’s stock, valued at approximately $8,281,131.36. This represents a 24.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 248,205 shares of company stock valued at $57,741,572 over the last quarter.

Institutional Investors Weigh In On ARM

Institutional investors have recently modified their holdings of the stock. Rathbones Group PLC increased its position in ARM by 4,638.8% during the fourth quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock valued at $54,660,000 after acquiring an additional 489,491 shares during the last quarter. Paragon Capital Management Inc. bought a new stake in shares of ARM in the 4th quarter worth about $826,000. Lansdowne Partners UK LLP purchased a new position in shares of ARM during the 3rd quarter worth about $8,486,000. Hyperion Asset Management Ltd purchased a new position in shares of ARM during the 3rd quarter worth about $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ARM by 34.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock valued at $2,644,000 after purchasing an additional 6,232 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Trading Up 9.2%

Shares of ARM stock opened at $327.87 on Friday. ARM has a 12-month low of $100.02 and a 12-month high of $452.70. The stock’s 50-day moving average price is $315.64 and its 200-day moving average price is $195.89. The stock has a market capitalization of $350.19 billion, a price-to-earnings ratio of 390.32, a price-to-earnings-growth ratio of 10.90 and a beta of 3.76.

ARM (NASDAQ:ARM) last posted 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 company had revenue of $1.49 billion for the quarter. As a group, research analysts predict that ARM will post 1.12 EPS for the current fiscal year.

About ARM

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.