Wellington Management Group LLP Has $287.01 Million Stock Position in Arm Holdings PLC Sponsored ADR $ARM

Wellington Management Group LLP reduced its holdings in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 51.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 809,451 shares of the company’s stock after selling 846,252 shares during the quarter. Wellington Management Group LLP owned about 0.08% of ARM worth $287,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rathbones Group PLC grew its holdings in shares of ARM by 4,638.8% during the fourth quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock valued at $54,660,000 after buying an additional 489,491 shares during the last quarter. Partners Group Holding AG bought a new stake in shares of ARM during the fourth quarter worth about $798,000. Pacific Heights Asset Management LLC raised its holdings in shares of ARM by 48.6% in the 4th quarter. Pacific Heights Asset Management LLC now owns 275,000 shares of the company’s stock worth $30,060,000 after acquiring an additional 90,000 shares during the last quarter. Swedbank AB raised its holdings in shares of ARM by 16.3% in the 4th quarter. Swedbank AB now owns 364,000 shares of the company’s stock worth $39,789,000 after acquiring an additional 51,000 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in ARM by 60.0% in the 4th quarter. Horizon Investments LLC now owns 16,767 shares of the company’s stock valued at $1,833,000 after acquiring an additional 6,287 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Insider Transactions at ARM

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the sale, the chief accounting officer directly owned 12,135 shares in the company, valued at $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARM. Mizuho lifted their target price on ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Morgan Stanley increased their price target on ARM from $202.00 to $212.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. TD Cowen dropped their price objective on ARM from $475.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Guggenheim reiterated a “buy” rating and issued a $255.00 target price on shares of ARM in a research note on Thursday, July 30th. Finally, Barclays increased their target price on shares of ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $305.12.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $239.05 on Monday. The company’s 50-day moving average is $285.38 and its 200 day moving average is $234.81. The company has a market capitalization of $255.32 billion, a P/E ratio of 246.45, a price-to-earnings-growth ratio of 7.09 and a beta of 3.91. 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 data on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. ARM had a net margin of 20.25% and a return on equity of 12.24%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, research analysts predict that Arm Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current year.

ARM Profile

Arm Holdings (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.