Arm Holdings PLC Sponsored ADR $ARM Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its stake in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 25.7% in the second quarter, HoldingsChannel reports. The firm owned 15,646 shares of the company’s stock after purchasing an additional 3,195 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in ARM were worth $5,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ARM. Syntax Research Inc. acquired a new stake in shares of ARM in the 1st quarter worth about $30,000. Evelyn Partners Investment Management Services Ltd bought a new stake in ARM in the 1st quarter valued at about $30,000. Mcguire Capital Advisors Inc. acquired a new position in ARM during the 4th quarter valued at about $30,000. Navalign LLC acquired a new position in ARM during the 4th quarter valued at about $33,000. Finally, FWL Investment Management LLC bought a new position in ARM in the 2nd quarter worth about $34,000. 7.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Jason Child sold 10,400 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $255.33, for a total transaction of $2,655,432.00. Following the transaction, the chief financial officer owned 163,832 shares of the company’s stock, valued at approximately $41,831,224.56. The trade was a 5.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Stock Performance

Shares of NASDAQ ARM opened at $264.79 on Friday. The business has a 50 day simple moving average of $265.84 and a 200 day simple moving average of $242.77. Arm Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $452.70. The stock has a market cap of $282.82 billion, a price-to-earnings ratio of 272.98, a PEG ratio of 7.54 and a beta of 3.89.

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

Wall Street Analyst Weigh In

ARM has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on ARM from $350.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Mizuho raised their target price on ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. TD Cowen lowered their target price on ARM from $475.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. HSBC downgraded shares of ARM from a “buy” rating to a “hold” rating and upped their price target for the company from $255.00 to $315.00 in a report on Tuesday, July 14th. Finally, New Street Research upgraded shares of ARM from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $305.72.

ARM Company Profile

Arm Holdings plc is a semiconductor and software intellectual property company headquartered in Cambridge, England. Rather than manufacturing chips, Arm develops processor architectures and technology designs that it licenses to semiconductor companies, device manufacturers and other technology businesses for use in their own products.

Arm’s portfolio includes central processing unit (CPU) architectures and processor cores, graphics processing units (GPUs), systems IP, interconnect technology, security solutions and related software and development tools.