ARM Holdings PLC Sponsored ADR $ARM Position Lessened by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 48.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,572 shares of the company’s stock after selling 3,366 shares during the period. International Assets Investment Management LLC’s holdings in ARM were worth $554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Syntax Research Inc. purchased a new stake in shares of ARM during the 1st quarter worth about $30,000. FWL Investment Management LLC acquired a new stake in shares of ARM during the 2nd quarter valued at about $34,000. Mcguire Capital Advisors Inc. bought a new stake in shares of ARM in the 4th quarter valued at approximately $30,000. Strategic Investment Solutions Inc. IL grew its stake in shares of ARM by 238.1% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after buying an additional 200 shares in the last quarter. Finally, Navalign LLC acquired a new position in ARM in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM stock opened at $281.17 on Wednesday. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70. The firm has a fifty day moving average price of $321.30 and a two-hundred day moving average price of $199.88. The company has a market cap of $300.31 billion, a PE ratio of 334.73, a price-to-earnings-growth ratio of 10.86 and a beta of 3.76.

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

Insider Activity

In other news, CFO Jason Child sold 31,920 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total value 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. This represents a 15.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 dated Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction 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 $10,824,696.25. This trade represents a 50.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 238,906 shares of company stock valued at $56,245,828.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ARM shares. New Street Research lowered shares of ARM from a “buy” rating to a “neutral” rating in a research report on Thursday, June 18th. UBS Group increased their price target on shares of ARM from $260.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. The Goldman Sachs Group raised their price target on shares of ARM from $125.00 to $150.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price objective on shares of ARM in a research note on Tuesday, June 16th. Finally, TD Cowen lifted their price objective on shares of ARM from $265.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $295.25.

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.