WJ Wealth Management LLC Acquires New Holdings in ARM Holdings PLC Sponsored ADR $ARM

WJ Wealth Management LLC acquired a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,550 shares of the company’s stock, valued at approximately $251,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Chicago Capital LLC lifted its holdings in ARM by 0.5% in the 2nd quarter. Chicago Capital LLC now owns 15,732 shares of the company’s stock valued at $2,544,000 after purchasing an additional 79 shares in the last quarter. Compound Planning Inc. lifted its holdings in ARM by 5.5% in the 1st quarter. Compound Planning Inc. now owns 2,305 shares of the company’s stock valued at $246,000 after purchasing an additional 120 shares in the last quarter. IAM Advisory LLC lifted its holdings in ARM by 3.0% in the 2nd quarter. IAM Advisory LLC now owns 4,556 shares of the company’s stock valued at $737,000 after purchasing an additional 134 shares in the last quarter. Convergence Financial LLC lifted its holdings in ARM by 2.0% in the 1st quarter. Convergence Financial LLC now owns 6,991 shares of the company’s stock valued at $747,000 after purchasing an additional 136 shares in the last quarter. Finally, StoneCrest Wealth Management Inc. lifted its holdings in ARM by 2.8% in the 2nd quarter. StoneCrest Wealth Management Inc. now owns 5,378 shares of the company’s stock valued at $870,000 after purchasing an additional 148 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

NASDAQ ARM opened at $170.67 on Thursday. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $182.88. The company’s 50 day moving average price is $145.73 and its 200 day moving average price is $136.25. The firm has a market capitalization of $180.31 billion, a price-to-earnings ratio of 258.59, a PEG ratio of 10.97 and a beta of 4.10.

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

Analyst Ratings Changes

ARM has been the topic of a number of recent research reports. BNP Paribas upgraded shares of ARM from a “neutral” rating to an “outperform” rating and upped their target price for the company from $110.00 to $210.00 in a report on Wednesday, July 16th. TD Cowen increased their price objective on shares of ARM from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of ARM from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, July 31st. Finally, Evercore ISI increased their price objective on shares of ARM from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $167.43.

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.