ARM Holdings PLC Sponsored ADR $ARM Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 122.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,054 shares of the company’s stock after acquiring an additional 4,991 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ARM were worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ARM. Brooklyn Investment Group acquired a new position in ARM during the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new position in ARM in the 1st quarter worth about $34,000. Oliver Lagore Vanvalin Investment Group bought a new position in ARM in the 2nd quarter worth approximately $39,000. ORG Partners LLC acquired a new position in ARM during the 2nd quarter worth $48,000. Finally, Pandora Wealth Inc. bought a new position in shares of ARM in the first quarter worth $53,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of ARM to a “strong-buy” rating in a research note on Monday, August 11th. UBS Group raised their target price on shares of ARM from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday. BNP Paribas Exane upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a research report on Wednesday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price objective on shares of ARM from $180.00 to $171.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus target price of $172.80.

ARM Trading Down 2.9%

NASDAQ:ARM opened at $165.45 on Friday. The company has a 50-day moving average of $152.73 and a 200-day moving average of $141.94. The firm has a market cap of $174.80 billion, a price-to-earnings ratio of 250.68, a price-to-earnings-growth ratio of 10.70 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $183.16.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion for 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 business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. On average, research analysts forecast 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.