ARM Holdings PLC Sponsored ADR $ARM Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 33.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,917 shares of the company’s stock after selling 2,473 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in ARM were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC acquired a new stake in shares of ARM in the 3rd quarter valued at about $28,000. FWL Investment Management LLC acquired a new position in ARM in the second quarter worth about $34,000. Strategic Investment Solutions Inc. IL increased its holdings in ARM by 238.1% in the third 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 during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in ARM during the fourth quarter valued at approximately $43,000. Finally, WFA of San Diego LLC acquired a new stake in ARM during the second quarter valued at approximately $49,000. Institutional investors own 7.53% of the company’s stock.

Insider Transactions at ARM

In other ARM news, CFO Jason Child sold 21,280 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $180.00, for a total value of $3,830,400.00. Following the completion of the transaction, the chief financial officer owned 153,426 shares in the company, valued at approximately $27,616,680. This represents a 12.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rene A. Haas sold 9,299 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $160.85, for a total transaction of $1,495,744.15. Following the completion of the sale, the chief executive officer owned 273,680 shares in the company, valued at $44,021,428. The trade was a 3.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 83,712 shares of company stock worth $13,614,730.

ARM Price Performance

NASDAQ:ARM opened at $208.72 on Wednesday. The firm has a market capitalization of $220.51 billion, a P/E ratio of 278.29, a P/E/G ratio of 9.16 and a beta of 3.40. The business has a 50 day simple moving average of $150.26 and a 200 day simple moving average of $137.61. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $237.68.

ARM (NASDAQ:ARM) last posted its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. ARM had a return on equity of 14.01% and a net margin of 17.15%.The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. Research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

ARM has been the subject of several research reports. KeyCorp reiterated an “overweight” rating on shares of ARM in a research report on Thursday, February 5th. Citigroup cut ARM from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Bank of America reaffirmed a “neutral” rating and issued a $120.00 price objective on shares of ARM in a report on Tuesday, January 13th. Mizuho boosted their target price on shares of ARM from $160.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Royal Bank Of Canada raised their price target on shares of ARM from $130.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.71.

ARM Company Profile

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.