ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Shares Acquired by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV lifted its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 103.8% during the 1st quarter, HoldingsChannel reports. The fund owned 3,597 shares of the company’s stock after purchasing an additional 1,832 shares during the period. Compass Capital Corp MA ADV’s holdings in ARM were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ARM. Van ECK Associates Corp grew its stake in ARM by 259.7% in the 4th quarter. Van ECK Associates Corp now owns 9,761 shares of the company’s stock valued at $1,204,000 after acquiring an additional 7,047 shares during the period. Asset Management One Co. Ltd. lifted its holdings in ARM by 52.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,903 shares of the company’s stock valued at $375,000 after purchasing an additional 999 shares in the last quarter. Blue Trust Inc. lifted its holdings in ARM by 15.8% during the fourth quarter. Blue Trust Inc. now owns 1,694 shares of the company’s stock valued at $209,000 after purchasing an additional 231 shares in the last quarter. Principal Securities Inc. grew its position in shares of ARM by 6.3% in the fourth quarter. Principal Securities Inc. now owns 4,384 shares of the company’s stock valued at $541,000 after purchasing an additional 261 shares during the period. Finally, Allworth Financial LP increased its stake in shares of ARM by 94.5% during the fourth quarter. Allworth Financial LP now owns 1,023 shares of the company’s stock worth $126,000 after purchasing an additional 497 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Up 0.9%

ARM stock opened at $146.05 on Thursday. The company has a fifty day simple moving average of $122.96 and a 200-day simple moving average of $130.86. The stock has a market cap of $154.70 billion, a P/E ratio of 194.73, a price-to-earnings-growth ratio of 6.65 and a beta of 4.08. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $188.75.

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

Analyst Ratings Changes

Several research firms recently weighed in on ARM. KeyCorp reduced their price target on shares of ARM from $195.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Barclays cut their price objective on ARM from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Guggenheim decreased their target price on ARM from $180.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. UBS Group dropped their price target on ARM from $215.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Finally, Loop Capital reduced their price objective on ARM from $195.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and an average 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.