Oliver Lagore Vanvalin Investment Group Takes $39,000 Position in ARM Holdings PLC Sponsored ADR $ARM

Oliver Lagore Vanvalin Investment Group bought a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 241 shares of the company’s stock, valued at approximately $39,000.

Several other large investors have also recently made changes to their positions in ARM. Northern Trust Corp lifted its holdings in shares of ARM by 52.5% during the fourth quarter. Northern Trust Corp now owns 3,992 shares of the company’s stock valued at $492,000 after purchasing an additional 1,375 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of ARM by 20.4% during the fourth quarter. Quantinno Capital Management LP now owns 2,505 shares of the company’s stock valued at $309,000 after purchasing an additional 425 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of ARM by 119.1% during the fourth quarter. Toronto Dominion Bank now owns 3,893 shares of the company’s stock valued at $480,000 after purchasing an additional 2,116 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of ARM by 16.9% during the fourth quarter. Two Sigma Advisers LP now owns 27,600 shares of the company’s stock valued at $3,405,000 after purchasing an additional 4,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ARM by 1,596.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,100 shares of the company’s stock worth $13,705,000 after acquiring an additional 104,550 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on ARM shares. Mizuho increased their target price on ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, July 3rd. Evercore ISI increased their target price on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Wells Fargo & Company increased their target price on ARM from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Guggenheim lifted their target price on shares of ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Finally, UBS Group cut their target price on shares of ARM from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

ARM Price Performance

Shares of ARM stock opened at $142.91 on Friday. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88. The firm has a fifty day moving average price of $145.30 and a 200-day moving average price of $131.85. The company has a market cap of $150.99 billion, a price-to-earnings ratio of 216.53, a PEG ratio of 9.55 and a beta of 4.17.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

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.