ARM Holdings PLC Sponsored ADR $ARM Position Increased by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC increased its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 477,289 shares of the company’s stock after purchasing an additional 5,762 shares during the period. ARM accounts for 1.5% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 21st largest position. Zevenbergen Capital Investments LLC’s holdings in ARM were worth $77,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ARM. TFC Financial Management Inc. lifted its holdings in shares of ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 165 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of ARM in the 1st quarter worth approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of ARM in the 1st quarter worth approximately $34,000. MorganRosel Wealth Management LLC bought a new stake in shares of ARM in the 1st quarter worth approximately $53,000. Finally, Pandora Wealth Inc. bought a new stake in shares of ARM in the 1st quarter worth approximately $53,000. Institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ARM shares. Evercore ISI raised their price target on ARM from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley lifted their target price on ARM from $150.00 to $194.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. BNP Paribas Exane raised ARM from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research note on Wednesday, July 16th. BNP Paribas raised ARM from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 target price on shares of ARM in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

ARM Stock Performance

Shares of ARM stock opened at $150.64 on Friday. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88. The stock has a market cap of $159.15 billion, a PE ratio of 228.24, a price-to-earnings-growth ratio of 10.34 and a beta of 4.17. The business’s fifty day moving average is $145.03 and its 200-day moving average is $131.02.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.