ARM Holdings PLC Sponsored ADR $ARM Shares Bought by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 23.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,389 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Blue Trust Inc.’s holdings in ARM were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ARM. Farther Finance Advisors LLC increased its stake in ARM by 85.7% in the first quarter. Farther Finance Advisors LLC now owns 1,616 shares of the company’s stock valued at $173,000 after purchasing an additional 746 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of ARM by 24.8% during the 1st quarter. Ritholtz Wealth Management now owns 2,377 shares of the company’s stock valued at $254,000 after acquiring an additional 473 shares during the last quarter. Northstar Group Inc. acquired a new position in shares of ARM during the 1st quarter valued at about $229,000. Janney Montgomery Scott LLC increased its position in ARM by 17.7% during the first quarter. Janney Montgomery Scott LLC now owns 31,577 shares of the company’s stock worth $3,372,000 after purchasing an additional 4,742 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in ARM during the first quarter worth approximately $229,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARM has been the subject of a number of research analyst reports. KeyCorp restated an “overweight” rating and set a $190.00 price objective (up from $175.00) on shares of ARM in a report on Thursday, July 31st. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, July 31st. Morgan Stanley dropped their price target on ARM from $180.00 to $171.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. BNP Paribas raised shares of ARM from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $210.00 in a research report on Wednesday, July 16th. Finally, BNP Paribas Exane raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.43.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $171.94 on Tuesday. The company has a market cap of $181.66 billion, a P/E ratio of 260.52, a PEG ratio of 10.10 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $182.88. The business’s 50-day simple moving average is $144.42 and its 200 day simple moving average is $135.79.

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 the consensus estimate of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $0.40 earnings per share. ARM’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current 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.