Chicago Capital LLC Boosts Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Chicago Capital LLC boosted its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,653 shares of the company’s stock after buying an additional 3,349 shares during the period. Chicago Capital LLC’s holdings in ARM were worth $1,672,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tufton Capital Management raised its position in ARM by 1.5% during the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company’s stock worth $546,000 after buying an additional 65 shares during the last quarter. Zullo Investment Group Inc. raised its stake in shares of ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company’s stock worth $236,000 after buying an additional 85 shares during the last quarter. GeoWealth Management LLC lifted its holdings in shares of ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Cibc World Markets Corp lifted its stake in ARM by 3.5% in the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company’s stock valued at $350,000 after buying an additional 96 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of ARM by 2.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company’s stock valued at $608,000 after acquiring an additional 96 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Up 1.9%

Shares of NASDAQ:ARM opened at $144.72 on Wednesday. The company has a market cap of $153.30 billion, a PE ratio of 192.96, a P/E/G ratio of 6.52 and a beta of 4.08. The firm has a 50-day simple moving average of $122.17 and a 200 day simple moving average of $130.75. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a net margin of 19.76% and a return on equity of 17.97%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. As a group, research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

ARM has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of ARM from $215.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Loop Capital reduced their price objective on ARM from $195.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Cfra Research raised shares of ARM to a “hold” rating in a research report on Friday, March 21st. Morgan Stanley decreased their price target on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, Citigroup lowered their target price on ARM from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.76.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.