Legal & General Group Plc Grows Holdings in ARM Holdings PLC Sponsored ADR $ARM

Legal & General Group Plc lifted its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 21.4% in the second quarter, Holdings Channel reports. The institutional investor owned 195,973 shares of the company’s stock after buying an additional 34,492 shares during the quarter. Legal & General Group Plc’s holdings in ARM were worth $31,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ARM. Handelsbanken Fonder AB grew its holdings in ARM by 42.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 121,482 shares of the company’s stock worth $19,648,000 after acquiring an additional 36,028 shares in the last quarter. Telligent Fund LP lifted its position in shares of ARM by 28.0% during the second quarter. Telligent Fund LP now owns 32,000 shares of the company’s stock worth $5,176,000 after purchasing an additional 7,000 shares during the last quarter. Main Management ETF Advisors LLC grew its stake in ARM by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 6,597 shares of the company’s stock worth $1,067,000 after purchasing an additional 108 shares in the last quarter. Mizuho Securities Co. Ltd. grew its stake in ARM by 55.6% in the second quarter. Mizuho Securities Co. Ltd. now owns 10,970 shares of the company’s stock worth $1,774,000 after purchasing an additional 3,920 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in ARM by 41.3% in the second quarter. Ensign Peak Advisors Inc now owns 107,964 shares of the company’s stock valued at $17,462,000 after buying an additional 31,574 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. KeyCorp increased their target price on ARM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Barclays upped their price target on ARM from $115.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. UBS Group decreased their price objective on shares of ARM from $200.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of ARM in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ARM from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.80.

ARM Price Performance

Shares of NASDAQ ARM opened at $132.61 on Thursday. The firm has a market capitalization of $140.10 billion, a PE ratio of 170.01, a P/E/G ratio of 7.87 and a beta of 4.11. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $183.16. The business’s fifty day moving average price is $154.05 and its two-hundred day moving average price is $146.87.

ARM (NASDAQ:ARM) last released its quarterly earnings results 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 net margin of 18.81% and a return on equity of 15.03%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’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. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

ARM 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.