45,029 Shares in ARM Holdings PLC Sponsored ADR $ARM Purchased by Gunderson Capital Management LLC

Gunderson Capital Management LLC purchased a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,029 shares of the company’s stock, valued at approximately $6,812,000. ARM comprises 2.8% of Gunderson Capital Management LLC’s investment portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. purchased a new stake in ARM during the 4th quarter worth approximately $30,000. Navalign LLC purchased a new position in shares of ARM during the 4th quarter valued at approximately $33,000. FWL Investment Management LLC acquired a new stake in shares of ARM during the second quarter worth approximately $34,000. Motiv8 Investments LLC acquired a new stake in shares of ARM during the fourth quarter worth approximately $38,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of ARM by 238.1% in the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock worth $40,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

ARM has been the topic of several recent analyst reports. Susquehanna upped their price target on shares of ARM from $170.00 to $210.00 and gave the company a “positive” rating in a report on Thursday, April 16th. Barclays raised their price objective on shares of ARM from $250.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Guggenheim upped their price objective on ARM from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Bank of America raised their price target on shares of ARM from $335.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ARM in a report on Monday, April 20th. Nineteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $279.83.

ARM Trading Down 3.9%

Shares of NASDAQ:ARM opened at $334.27 on Friday. The firm’s 50 day moving average is $291.90 and its two-hundred day moving average is $183.05. The firm has a market capitalization of $357.03 billion, a P/E ratio of 397.94, a PEG ratio of 12.14 and a beta of 3.78. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $452.70.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The business had revenue of $1.49 billion during the quarter. Analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Insider Activity at ARM

In other ARM news, CFO Jason Child sold 31,920 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the completion of the transaction, the chief financial officer owned 174,232 shares in the company, valued at approximately $39,470,517.28. The trade was a 15.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Spencer Collins sold 51,961 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the completion of the transaction, the insider directly owned 51,125 shares of the company’s stock, valued at approximately $10,824,696.25. The trade was a 50.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 248,205 shares of company stock worth $57,741,572 in the last ninety days.

About ARM

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.