Ransom Advisory Ltd Sells 140 Shares of ARM Holdings PLC Sponsored ADR $ARM

Ransom Advisory Ltd cut its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 570 shares of the company’s stock after selling 140 shares during the period. Ransom Advisory Ltd’s holdings in ARM were worth $92,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new position in shares of ARM in the first quarter worth about $229,000. Integrated Wealth Concepts LLC grew its holdings in shares of ARM by 24.0% in the first quarter. Integrated Wealth Concepts LLC now owns 10,465 shares of the company’s stock worth $1,118,000 after purchasing an additional 2,025 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ARM by 12.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 107,728 shares of the company’s stock worth $11,505,000 after purchasing an additional 11,953 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of ARM by 19.2% in the first quarter. Cerity Partners LLC now owns 14,671 shares of the company’s stock worth $1,567,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in ARM by 15.7% during the 1st quarter. Spire Wealth Management now owns 1,174 shares of the company’s stock worth $125,000 after acquiring an additional 159 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ARM has been the topic of several recent research reports. Evercore ISI increased their target price on shares of ARM from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group dropped their target price on shares of ARM from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Guggenheim increased their target price on shares of ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, June 30th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 target price on shares of ARM in a report on Thursday, July 31st. Finally, Seaport Res Ptn raised shares of ARM to a “strong-buy” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

ARM Trading Down 2.6%

Shares of NASDAQ:ARM opened at $150.64 on Monday. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The company’s 50 day moving average is $145.03 and its 200 day moving average is $131.02. The company has a market cap of $159.15 billion, a PE ratio of 228.24, a price-to-earnings-growth ratio of 10.07 and a beta of 4.17.

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

About ARM

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.