Renaissance Technologies LLC Sells 456,700 Shares of ARM Holdings PLC Sponsored ADR $ARM

Renaissance Technologies LLC decreased its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 96.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,900 shares of the company’s stock after selling 456,700 shares during the quarter. Renaissance Technologies LLC’s holdings in ARM were worth $2,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. bought a new position in ARM during the fourth quarter worth about $30,000. Syntax Research Inc. acquired a new stake in shares of ARM during the 1st quarter worth $30,000. Navalign LLC bought a new position in shares of ARM in the fourth quarter worth $33,000. FWL Investment Management LLC acquired a new position in ARM in the second quarter valued at about $34,000. Finally, Motiv8 Investments LLC acquired a new position in ARM in the fourth quarter valued at about $38,000. 7.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARM has been the subject of several analyst reports. HSBC cut shares of ARM from a “buy” rating to a “hold” rating and boosted their target price for the company from $255.00 to $315.00 in a research report on Tuesday, July 14th. Guggenheim reissued a “buy” rating and issued a $255.00 price objective on shares of ARM in a research note on Thursday, July 30th. 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. Bank of America restated a “neutral” rating on shares of ARM in a research note on Thursday, July 30th. Finally, Benchmark assumed coverage on ARM in a research note on Thursday, July 16th. They issued a “hold” rating on the stock. Eighteen 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.33.

ARM Price Performance

Shares of ARM opened at $282.57 on Monday. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $452.70. The business has a 50-day simple moving average of $323.52 and a two-hundred day simple moving average of $219.49. The stock has a market cap of $301.81 billion, a PE ratio of 291.31, a PEG ratio of 8.38 and a beta of 3.91.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.45 EPS for the quarter, beating 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 analyst estimates of $1.26 billion. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. ARM has set its Q2 2027 guidance at 0.430-0.510 EPS. On average, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 1.15 EPS for the current year.

Insider Buying and Selling

In other news, CAO Laura Kathleen Bartels sold 11,306 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the completion of the transaction, the chief accounting officer directly owned 12,135 shares in the company, valued at $4,765,414.50. This trade represents a 48.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Child sold 31,920 shares of ARM stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. This represents a 15.48% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 164,088 shares of company stock valued at $41,099,903.

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.