Wealthfront Advisers LLC Acquires Shares of 2,602 ARM Holdings PLC Sponsored ADR $ARM

Wealthfront Advisers LLC bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the first quarter, HoldingsChannel reports. The firm bought 2,602 shares of the company’s stock, valued at approximately $394,000.

Several other hedge funds also recently made changes to their positions in ARM. CreativeOne Wealth LLC raised its position in shares of ARM by 5.0% during the 4th quarter. CreativeOne Wealth LLC now owns 1,830 shares of the company’s stock valued at $200,000 after acquiring an additional 87 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in ARM by 6.2% in the first quarter. AdvisorNet Financial Inc now owns 1,681 shares of the company’s stock worth $254,000 after purchasing an additional 98 shares during the period. Moors & Cabot Inc. increased its stake in ARM by 5.3% during the third quarter. Moors & Cabot Inc. now owns 2,050 shares of the company’s stock valued at $290,000 after purchasing an additional 103 shares during the last quarter. Heritage Trust Co increased its stake in ARM by 5.5% during the fourth quarter. Heritage Trust Co now owns 2,045 shares of the company’s stock valued at $224,000 after purchasing an additional 107 shares during the last quarter. Finally, TrueMark Investments LLC increased its stake in ARM by 1.4% during the first quarter. TrueMark Investments LLC now owns 7,592 shares of the company’s stock valued at $1,149,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Insider Activity

In other ARM news, insider Charlotte Claire Eaton sold 7,805 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $290.01, for a total transaction of $2,263,528.05. Following the completion of the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at $1,450,050. The trade was a 60.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the completion of the transaction, the chief accounting officer owned 12,135 shares of the company’s stock, valued at approximately $4,765,414.50. This trade represents a 48.23% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 216,049 shares of company stock valued at $52,101,605.

ARM Stock Performance

ARM stock opened at $283.40 on Thursday. The stock has a market capitalization of $302.69 billion, a price-to-earnings ratio of 337.38, a PEG ratio of 9.05 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $452.70. The stock’s fifty day moving average is $328.16 and its two-hundred day moving average is $206.83.

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

Analyst Ratings Changes

ARM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a research report on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of ARM in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research note on Friday, July 17th. Guggenheim raised their target price on shares of ARM from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company decreased their target price on ARM from $410.00 to $350.00 and set an “overweight” rating for the company in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.65.

Trending Headlines about ARM

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm is gaining traction in AI servers as IDC projects the AI infrastructure market could approach $500 billion this year, reinforcing the company’s relevance in one of the market’s strongest growth themes. Arm Gains Ground in AI Servers
• Neutral Sentiment: Wells Fargo cut its price target on Arm to $350 from $410, but kept an Overweight rating, suggesting the bank still sees upside even as it turns more cautious on near-term execution. ARM Stock Takes A Breather After Three Days Of Gains — Wells Fargo Cuts Price Target, Warning Of A ‘Tough Setup’ Ahead
• Neutral Sentiment: UBS issued a pessimistic forecast for ARM, adding to the day’s analyst caution and likely contributing to the stock’s softer tone. UBS Group Issues Pessimistic Forecast for ARM (NASDAQ:ARM) Stock Price
• Neutral Sentiment: Commentary comparing Arm with Coherent argues that Coherent has stronger upside, profitability, and valuation appeal, which may be weighing on sentiment around ARM relative to other AI infrastructure names. COHR vs. ARM: Which Tech Stock Offers More Upside Now?
• Negative Sentiment: Some market commentary is questioning whether Arm’s valuation can be justified after its huge year-to-date gain and recent pullback, which may be prompting profit-taking. Prediction: Up 144% YTD, Is Arm Holdings The Next Nvidia?

ARM 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.