Arm Holdings PLC Sponsored ADR $ARM Stock Purchased by Lido Advisors LLC

Lido Advisors LLC boosted its position in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,621 shares of the company’s stock after purchasing an additional 2,867 shares during the quarter. Lido Advisors LLC’s holdings in ARM were worth $5,683,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of ARM during the 2nd quarter worth $2,755,000. BOCHK Asset Management Ltd boosted its position in shares of ARM by 205.0% in the 3rd quarter. BOCHK Asset Management Ltd now owns 20,432 shares of the company’s stock worth $5,918,000 after buying an additional 13,732 shares in the last quarter. QRG Capital Management Inc. grew its stake in ARM by 32.1% in the 2nd quarter. QRG Capital Management Inc. now owns 9,591 shares of the company’s stock valued at $3,401,000 after acquiring an additional 2,330 shares during the last quarter. Wedmont Private Capital acquired a new stake in ARM in the 3rd quarter valued at about $1,322,000. Finally, Fig Financial Advisory Services Inc. ADV acquired a new stake in ARM in the 3rd quarter valued at about $1,070,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Down 1.8%

Shares of NASDAQ:ARM opened at $199.78 on Friday. Arm Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70. The stock’s fifty day simple moving average is $249.19 and its 200-day simple moving average is $231.46. The company has a market capitalization of $213.38 billion, a P/E ratio of 229.63, a P/E/G ratio of 5.87 and a beta of 3.93.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. ARM had a return on equity of 11.57% and a net margin of 17.13%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Arm Holdings PLC Sponsored ADR will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ARM shares. Royal Bank Of Canada dropped their target price on shares of ARM from $340.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. HSBC reaffirmed a “hold” rating and issued a $215.00 price target on shares of ARM in a report on Thursday, November 5th. Benchmark began coverage on shares of ARM in a research report on Thursday, July 16th. They issued a “hold” rating on the stock. Morgan Stanley increased their price target on shares of ARM from $202.00 to $212.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, New Street Research raised shares of ARM from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research note on Thursday, July 30th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $296.38.

Insider Activity

In other ARM news, CFO Jason Child sold 10,400 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $300.00, for a total transaction of $3,120,000.00. Following the sale, the chief financial officer directly owned 153,442 shares of the company’s stock, valued at $46,032,600. This trade represents a 6.35% decrease in their position. The transaction 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.

ARM Profile

Arm Holdings plc designs and licenses semiconductor technology, including processor architectures and related intellectual property. Rather than manufacturing chips, the company licenses its designs and collects royalties on products that use them. Arm’s offerings include Cortex CPUs, Mali graphics processors, Neoverse infrastructure platforms and other technology for applications ranging from smartphones and consumer electronics to automotive systems, the Internet of Things and cloud computing.