Envestnet Asset Management Inc. Purchases 30,692 Shares of ARM Holdings PLC Sponsored ADR $ARM

Envestnet Asset Management Inc. increased its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 74.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 71,851 shares of the company’s stock after buying an additional 30,692 shares during the period. Envestnet Asset Management Inc.’s holdings in ARM were worth $11,621,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of ARM in the 2nd quarter worth about $39,000. Brooklyn Investment Group bought a new position in shares of ARM in the 1st quarter valued at about $28,000. ORG Partners LLC purchased a new position in ARM in the second quarter worth about $48,000. N.E.W. Advisory Services LLC bought a new stake in ARM during the first quarter worth approximately $34,000. Finally, Global Trust Asset Management LLC purchased a new stake in ARM during the second quarter valued at approximately $57,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

ARM stock opened at $152.38 on Friday. The company has a market capitalization of $160.99 billion, a PE ratio of 195.36, a P/E/G ratio of 9.57 and a beta of 4.11. The company has a 50 day moving average price of $155.38 and a 200-day moving average price of $144.76. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $183.16.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. ARM had a return on equity of 15.03% and a net margin of 18.81%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.30 EPS. ARM’s quarterly revenue was up 34.5% on a year-over-year basis. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

ARM has been the subject of a number of recent research reports. Mizuho lifted their target price on ARM from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley dropped their price objective on shares of ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Raymond James Financial boosted their price objective on shares of ARM from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. BNP Paribas Exane upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their price target on shares of ARM from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, ARM has an average rating of “Moderate Buy” and a consensus price target of $178.55.

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.