27,500 Shares in ARM Holdings PLC Sponsored ADR $ARM Purchased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 4th quarter, HoldingsChannel reports. The firm acquired 27,500 shares of the company’s stock, valued at approximately $3,006,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARM. Navalign LLC bought a new position in shares of ARM in the fourth quarter valued at approximately $33,000. FWL Investment Management LLC bought a new position in shares of ARM in the second quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of ARM by 238.1% in the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after acquiring an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of ARM in the fourth quarter valued at approximately $43,000. Finally, WFA of San Diego LLC bought a new stake in ARM during the second quarter worth approximately $49,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $302.71 on Thursday. The company has a market cap of $319.82 billion, a PE ratio of 360.37, a price-to-earnings-growth ratio of 11.67 and a beta of 3.40. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $325.00. The firm has a 50 day simple moving average of $190.61 and a 200 day simple moving average of $146.68.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. KeyCorp restated an “overweight” rating on shares of ARM in a report on Thursday, February 5th. Jefferies Financial Group set a $290.00 target price on shares of ARM in a report on Thursday, May 21st. 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. Raymond James Financial restated an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Finally, Susquehanna upped their price target on shares of ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research report on Thursday, April 16th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.79.

Insider Buying and Selling

In related news, insider Charlotte Claire Eaton sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $282.77, for a total value of $1,131,080.00. Following the transaction, the insider directly owned 7,805 shares in the company, valued at approximately $2,207,019.85. This trade represents a 33.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William Abbey sold 2,300 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $305.82, for a total transaction of $703,386.00. Following the completion of the transaction, the insider owned 31,329 shares in the company, valued at $9,581,034.78. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 279,266 shares of company stock worth $57,502,031.

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.