Arm Holdings PLC Sponsored ADR $ARM Stake Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 31.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,659 shares of the company’s stock after acquiring an additional 5,722 shares during the quarter. Kestra Advisory Services LLC’s holdings in ARM were worth $6,853,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kings Path Partners LLC acquired a new stake in shares of ARM during the 3rd quarter worth about $29,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of ARM during the first quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC bought a new stake in ARM in the 1st quarter valued at $40,000. CX Institutional bought a new position in ARM during the 3rd quarter worth $58,000. Finally, Allied Private Wealth LLC bought a new stake in shares of ARM in the second quarter valued at about $71,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ARM. 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 note on Thursday, July 30th. Barclays cut their target price on ARM from $360.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, November 5th. JPMorgan Chase & Co. cut their price objective on shares of ARM from $255.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, November 5th. Benchmark initiated coverage on shares of ARM in a report on Thursday, July 16th. They set a “hold” rating for the company. Finally, Bank of America reissued a “neutral” rating and issued a $335.00 price objective (up from $245.00) on shares of ARM in a research note on Thursday, July 30th. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $296.38.

Insider Activity at ARM

In other news, CFO Jason Child sold 10,400 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $300.00, for a total transaction of $3,120,000.00. Following the completion of the sale, the chief financial officer directly owned 153,442 shares in the company, valued at $46,032,600. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Trading Up 12.1%

NASDAQ:ARM opened at $203.36 on Thursday. The stock’s 50-day moving average is $249.89 and its 200-day moving average is $231.04. Arm Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The stock has a market cap of $217.20 billion, a P/E ratio of 233.75, a price-to-earnings-growth ratio of 4.81 and a beta of 3.93.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.38 billion. ARM had a net margin of 17.13% and a return on equity of 11.57%. The company’s revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. As a group, equities analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.21 EPS for the current year.

More ARM News

These are some of the ARM news items that stood out recently:

• Neutral Sentiment: CEO Rene Haas warned that U.S. resistance to AI data-center development could push projects and related jobs overseas. The comments highlight policy uncertainty around future AI infrastructure investment. Arm Holdings CEO Warns US AI Data Center Pushback Could Send Jobs Abroad
• Negative Sentiment: Investors remain concerned that expensive memory is weighing on smartphone demand and Arm’s phone royalties, despite data-center royalties reportedly doubling. The article also points to scrutiny of SoftBank-related financing and circular-financing concerns. Arm Sinks 10% in a Week on Phone Royalties and SoftBank: “Circular Financing Concerns”
• Negative Sentiment: A report on SoftBank’s large loss adds to investor concerns about the financial backdrop of Arm’s major shareholder and AI-related investment activity. SoftBank’s $7 Billion Loss Is Bad News for Arm

ARM Company Profile

Arm Holdings plc designs and licenses semiconductor technology, including processor architectures and related intellectual property. Rather than manufacturing chips, the company licenses its designs and collects royalties on products that use them. Arm’s offerings include Cortex CPUs, Mali graphics processors, Neoverse infrastructure platforms and other technology for applications ranging from smartphones and consumer electronics to automotive systems, the Internet of Things and cloud computing.