ARM Holdings PLC Sponsored ADR $ARM Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 31.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,564 shares of the company’s stock after acquiring an additional 15,562 shares during the period. Assetmark Inc.’s holdings in ARM were worth $10,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Keybank National Association OH acquired a new stake in shares of ARM in the 2nd quarter worth approximately $336,000. Hantz Financial Services Inc. lifted its stake in shares of ARM by 6,250.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 508 shares of the company’s stock worth $82,000 after acquiring an additional 500 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of ARM by 20.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,597 shares of the company’s stock worth $744,000 after acquiring an additional 769 shares during the period. Robocap Asset Management Ltd lifted its stake in shares of ARM by 13.0% in the 2nd quarter. Robocap Asset Management Ltd now owns 26,847 shares of the company’s stock worth $4,342,000 after acquiring an additional 3,093 shares during the period. Finally, United Capital Management of KS Inc. lifted its stake in ARM by 10.4% during the second quarter. United Capital Management of KS Inc. now owns 104,051 shares of the company’s stock valued at $16,829,000 after purchasing an additional 9,841 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

ARM stock opened at $169.82 on Friday. The company has a 50 day moving average price of $153.37 and a 200 day moving average price of $142.66. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $183.16. The firm has a market capitalization of $179.42 billion, a price-to-earnings ratio of 257.30, a P/E/G ratio of 10.67 and a beta of 4.10.

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

Analysts Set New Price Targets

Several research firms recently commented on ARM. Raymond James Financial increased their target price on shares of ARM from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. UBS Group increased 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, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Wednesday, October 8th. TD Cowen increased their target price on shares of ARM from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, BNP Paribas raised shares of ARM from a “neutral” rating to an “outperform” rating and increased their target price for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $172.80.

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.