Banco Santander S.A. Sells 204 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Banco Santander S.A. lessened its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,267 shares of the company’s stock after selling 204 shares during the quarter. Banco Santander S.A.’s holdings in ARM were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARM. TFC Financial Management Inc. raised its holdings in shares of ARM by 163.4% during the first quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 165 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in ARM in the first quarter worth $34,000. Colonial Trust Co SC purchased a new stake in ARM in the fourth quarter worth $40,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ARM in the first quarter worth $53,000. Institutional investors own 7.53% of the company’s stock.

ARM Trading Up 1.8%

NASDAQ:ARM opened at $140.05 on Tuesday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The stock has a 50-day moving average price of $147.27 and a 200 day moving average price of $134.25. The stock has a market capitalization of $147.96 billion, a P/E ratio of 212.20, a P/E/G ratio of 8.13 and a beta of 4.17.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ARM shares. Barclays cut their target price on ARM from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. BNP Paribas Exane raised ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research report on Wednesday, July 16th. KeyCorp reaffirmed an “overweight” rating and set a $190.00 price objective (up from $175.00) on shares of ARM in a research report on Thursday. UBS Group dropped their price objective on ARM from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Finally, Guggenheim increased their target price on ARM from $147.00 to $187.00 and gave the company a “buy” rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.86.

About ARM

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.