Vontobel Holding Ltd. Lowers Holdings in ARM Holdings PLC Sponsored ADR $ARM

Vontobel Holding Ltd. decreased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 12.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,623 shares of the company’s stock after selling 3,007 shares during the period. Vontobel Holding Ltd.’s holdings in ARM were worth $3,497,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its stake in ARM by 2.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,800 shares of the company’s stock worth $1,585,000 after buying an additional 200 shares in the last quarter. Venturi Wealth Management LLC bought a new position in ARM in the second quarter worth approximately $243,000. Independent Solutions Wealth Management LLC raised its stake in ARM by 3.0% in the second quarter. Independent Solutions Wealth Management LLC now owns 17,069 shares of the company’s stock worth $2,761,000 after buying an additional 498 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in ARM by 52.1% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,958 shares of the company’s stock worth $964,000 after buying an additional 2,041 shares in the last quarter. Finally, Slow Capital Inc. bought a new position in ARM in the second quarter worth approximately $3,946,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of ARM from $173.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. BNP Paribas raised shares of ARM from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $110.00 to $210.00 in a research note on Wednesday, July 16th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, July 31st. Raymond James Financial upped their price target on ARM from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Seaport Res Ptn raised ARM to a “strong-buy” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and an average price target of $167.43.

ARM Price Performance

Shares of ARM opened at $154.93 on Friday. The firm has a market capitalization of $163.68 billion, a PE ratio of 234.74, a price-to-earnings-growth ratio of 11.13 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $182.88. The company’s fifty day moving average price is $143.78 and its 200-day moving average price is $135.04.

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

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.