QRG Capital Management Inc. Has $1.10 Million Position in ARM Holdings PLC Sponsored ADR $ARM

QRG Capital Management Inc. lifted its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 37.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,261 shares of the company’s stock after buying an additional 1,974 shares during the quarter. QRG Capital Management Inc.’s holdings in ARM were worth $1,098,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Syntax Research Inc. acquired a new position in shares of ARM in the first quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. acquired a new position in ARM in the 4th quarter valued at $30,000. Navalign LLC acquired a new position in ARM in the 4th quarter valued at $33,000. FWL Investment Management LLC bought a new position in ARM during the 2nd quarter worth $34,000. Finally, Motiv8 Investments LLC bought a new stake in shares of ARM in the fourth quarter valued at about $38,000. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ARM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. UBS Group boosted their price objective on shares of ARM from $260.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price target on shares of ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group set a $290.00 price target on ARM in a research note on Thursday, May 21st. Nineteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $279.83.

Insider Transactions at ARM

In other ARM news, insider William Abbey sold 10,887 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total transaction of $2,440,212.18. Following the completion of the transaction, the insider owned 43,353 shares of the company’s stock, valued at approximately $9,717,141.42. The trade was a 20.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Spencer Collins sold 51,961 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the completion of the sale, the insider owned 51,125 shares in the company, valued at approximately $10,824,696.25. The trade was a 50.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 248,205 shares of company stock valued at $57,741,572.

ARM Price Performance

NASDAQ ARM opened at $300.24 on Thursday. The business has a fifty day moving average price of $313.06 and a two-hundred day moving average price of $194.38. The stock has a market capitalization of $320.68 billion, a PE ratio of 357.43, a PEG ratio of 10.91 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The company had revenue of $1.49 billion during the quarter. As a group, sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

ARM Company Profile

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.