ARM Holdings PLC Sponsored ADR $ARM is Hyperion Asset Management Ltd’s 10th Largest Position

Hyperion Asset Management Ltd cut its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 66.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 531,331 shares of the company’s stock after selling 1,067,206 shares during the period. ARM comprises about 5.0% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 10th largest position. Hyperion Asset Management Ltd’s holdings in ARM were worth $188,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Syntax Research Inc. bought a new stake in ARM during the 1st quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd bought a new position in ARM in the 1st quarter worth about $30,000. Mcguire Capital Advisors Inc. purchased a new position in shares of ARM during the fourth quarter worth approximately $30,000. Navalign LLC bought a new stake in shares of ARM during the fourth quarter valued at approximately $33,000. Finally, FWL Investment Management LLC bought a new stake in shares of ARM during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jason Child sold 31,920 shares of the company’s stock in a transaction that occurred 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 directly owned 174,232 shares of the company’s stock, valued at $39,470,517.28. This represents a 15.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the transaction, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at approximately $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,088 shares of company stock valued at $41,099,903 over the last ninety days.

ARM Stock Performance

NASDAQ:ARM opened at $268.93 on Wednesday. The company’s 50-day simple moving average is $318.03 and its 200-day simple moving average is $221.71. The stock has a market capitalization of $287.24 billion, a P/E ratio of 277.25, a P/E/G ratio of 7.94 and a beta of 3.90. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70.

ARM (NASDAQ:ARM) last issued its earnings results on Thursday, July 30th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. ARM had a return on equity of 12.24% and a net margin of 20.25%.The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s revenue was up 22.4% compared to the same quarter last year. On average, research analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ARM shares. Guggenheim reissued a “buy” rating and issued a $255.00 price objective on shares of ARM in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $320.00 target price on shares of ARM in a research report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Friday, July 17th. Bank of America restated a “neutral” rating on shares of ARM in a research note on Thursday, July 30th. Finally, Wells Fargo & Company decreased their price objective on ARM from $350.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $285.33.

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.