ARM Holdings PLC Sponsored ADR $ARM Shares Sold by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC trimmed its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,549 shares of the company’s stock after selling 160 shares during the period. Prasad Wealth Partners LLC’s holdings in ARM were worth $1,383,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its holdings in shares of ARM by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock valued at $702,129,000 after acquiring an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP bought a new stake in shares of ARM in the 1st quarter valued at approximately $170,287,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of ARM by 3,853.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company’s stock valued at $84,180,000 after acquiring an additional 507,300 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of ARM by 112.3% in the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company’s stock valued at $75,112,000 after acquiring an additional 372,081 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of ARM in the 1st quarter valued at approximately $19,565,000. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of ARM stock opened at $156.22 on Tuesday. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88. The stock has a fifty day moving average of $142.86 and a two-hundred day moving average of $134.11. The firm has a market capitalization of $165.05 billion, a PE ratio of 236.70, a price-to-earnings-growth ratio of 9.28 and a beta of 4.10.

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

Analysts Set New Price Targets

A number of brokerages recently commented on ARM. Mizuho upped their price objective on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. BNP Paribas Exane upgraded ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Wednesday, July 16th. Benchmark restated a “hold” rating on shares of ARM in a research note on Monday, June 9th. Seaport Res Ptn upgraded ARM to a “strong-buy” rating in a research note on Monday, August 11th. Finally, UBS Group lowered their price objective on ARM from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.52.

ARM 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.