COFG Advisors LLC Purchases Shares of 9,457 ARM Holdings PLC Sponsored ADR $ARM

COFG Advisors LLC purchased a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the fourth quarter, Holdings Channel reports. The firm purchased 9,457 shares of the company’s stock, valued at approximately $1,034,000.

A number of other large investors have also added to or reduced their stakes in ARM. Capital Research Global Investors purchased a new stake in ARM during the third quarter valued at about $243,098,000. Northwestern Mutual Wealth Management Co. raised its position in ARM by 2,623.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock valued at $182,743,000 after purchasing an additional 1,610,403 shares in the last quarter. Hyperion Asset Management Ltd purchased a new stake in ARM during the third quarter valued at about $202,980,000. Rathbones Group PLC raised its position in 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 purchasing an additional 489,491 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of ARM by 28.2% during the third quarter. Invesco Ltd. now owns 1,772,123 shares of the company’s stock valued at $250,738,000 after buying an additional 390,217 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

ARM stock opened at $408.85 on Tuesday. The stock’s 50 day simple moving average is $204.85 and its two-hundred day simple moving average is $151.19. The stock has a market cap of $431.95 billion, a price-to-earnings ratio of 486.73, a PEG ratio of 12.83 and a beta of 3.77. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $421.69.

ARM (NASDAQ:ARM) last issued 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 firm had revenue of $1.49 billion for the quarter. On average, analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARM. Needham & Company LLC raised their price objective on ARM from $200.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Susquehanna raised their price objective on ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research note on Thursday, April 16th. The Goldman Sachs Group raised their price objective on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a research note on Thursday, May 7th. TD Cowen raised their price objective on ARM from $165.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $226.92.

Insider Buying and Selling

In related news, insider Spencer Collins sold 51,961 shares of the business’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 value of $11,001,702.53. Following the completion of the transaction, the insider directly owned 51,125 shares in the company, valued at $10,824,696.25. The trade was a 50.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Abbey sold 10,887 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $224.14, for a total transaction of $2,440,212.18. Following the sale, the insider owned 43,353 shares of the company’s stock, valued at approximately $9,717,141.42. This represents a 20.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 283,466 shares of company stock worth $58,946,033 over the last 90 days.

Key ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Nvidia’s RTX Spark launch reportedly uses an Arm design for the central processing unit, giving Arm a high-profile win and boosting confidence that its architecture could gain share in AI PCs. Arm Stock Jumps As Chip Designer Joins Nvidia PC Effort
• Positive Sentiment: Multiple reports said Arm hit a record high as investors viewed Nvidia’s chip announcement as validation of Arm’s technology and a potential catalyst for future licensing and royalty growth. Why Arm Stock Hit a Record High on Nvidia’s Chip Announcement
• Positive Sentiment: Coverage around Nvidia’s new PC push highlighted that the chip will appear in devices from major OEMs, reinforcing the commercial relevance of Arm’s ecosystem and lifting sentiment across the sector. Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
• Neutral Sentiment: An insider sale by William Abbey of 4,200 shares was disclosed, but it appears smaller than the AI-PC-driven optimism and was likely not the main stock driver. Insider trade disclosure

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.