Arm Holdings PLC Sponsored ADR $ARM Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 239.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,570 shares of the company’s stock after buying an additional 21,559 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in ARM were worth $10,839,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of ARM by 18.7% during the second quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $144,000 after purchasing an additional 64 shares during the period. CreativeOne Wealth LLC increased its stake in ARM by 5.0% during the 4th quarter. CreativeOne Wealth LLC now owns 1,830 shares of the company’s stock valued at $200,000 after buying an additional 87 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of ARM by 6.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,681 shares of the company’s stock worth $254,000 after acquiring an additional 98 shares during the period. Moors & Cabot Inc. lifted its stake in shares of ARM by 5.3% in the 3rd quarter. Moors & Cabot Inc. now owns 2,050 shares of the company’s stock worth $290,000 after acquiring an additional 103 shares during the period. Finally, Heritage Trust Co increased its stake in shares of ARM by 5.5% during the fourth quarter. Heritage Trust Co now owns 2,045 shares of the company’s stock valued at $224,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group cut their target price on ARM from $360.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of ARM in a report on Friday, July 17th. Guggenheim reaffirmed a “buy” rating and set a $255.00 target price on shares of ARM in a research note on Thursday, July 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of ARM in a report on Tuesday, August 25th. Finally, Rosenblatt Securities cut their price target on shares of ARM from $270.00 to $250.00 and set a “buy” rating for the company in a report on Friday, July 31st. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $305.12.

Insider Buying and Selling at ARM

In other 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 value of $2,655,432.00. Following the completion of the sale, the chief financial officer directly owned 163,832 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Stock Performance

ARM opened at $252.09 on Friday. The company has a market cap of $269.25 billion, a PE ratio of 259.89, a price-to-earnings-growth ratio of 7.19 and a beta of 3.89. The stock has a 50-day moving average of $273.23 and a 200-day moving average of $238.12. Arm Holdings PLC Sponsored ADR has a 52-week low of $100.02 and a 52-week high of $452.70.

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

About ARM

Arm Holdings (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.