Lazard Freres Gestion S.A.S. Purchases 2,000 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Lazard Freres Gestion S.A.S. lifted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in ARM were worth $1,281,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ARM. LPL Financial LLC lifted its holdings in ARM by 5.3% during the fourth quarter. LPL Financial LLC now owns 234,004 shares of the company’s stock valued at $28,867,000 after purchasing an additional 11,852 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in shares of ARM by 1.8% in the fourth quarter. Corebridge Financial Inc. now owns 8,329 shares of the company’s stock worth $1,027,000 after buying an additional 147 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of ARM by 23.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 59,773 shares of the company’s stock worth $7,374,000 after buying an additional 11,287 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of ARM by 15.8% in the fourth quarter. NEOS Investment Management LLC now owns 4,547 shares of the company’s stock worth $561,000 after buying an additional 621 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in ARM by 57.4% in the fourth quarter. Blair William & Co. IL now owns 77,380 shares of the company’s stock valued at $9,546,000 after purchasing an additional 28,217 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Trading Up 2.0%

Shares of NASDAQ:ARM opened at $163.17 on Monday. The stock has a 50 day moving average of $144.61 and a 200 day moving average of $133.91. The company has a market cap of $172.39 billion, a PE ratio of 217.56, a price-to-earnings-growth ratio of 9.42 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88.

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

Wall Street Analyst Weigh In

ARM has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of ARM in a research report on Thursday, July 10th. They set a “neutral” rating and a $160.00 price target on the stock. Guggenheim raised their target price on shares of ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, June 30th. JPMorgan Chase & Co. cut their target price on shares of ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Loop Capital cut their target price on shares of ARM from $195.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Finally, Mizuho raised their target price on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.04.

ARM 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.