ARM Holdings PLC Sponsored ADR $ARM Stake Reduced by Venture Visionary Partners LLC

Venture Visionary Partners LLC trimmed its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 46.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,035 shares of the company’s stock after selling 16,800 shares during the quarter. Venture Visionary Partners LLC’s holdings in ARM were worth $2,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rathbones Group PLC raised its stake in shares of ARM by 4,638.8% in the 4th quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock worth $54,660,000 after buying an additional 489,491 shares in the last quarter. Paragon Capital Management Inc. bought a new stake in shares of ARM in the 4th quarter worth $826,000. Lansdowne Partners UK LLP bought a new stake in shares of ARM in the 3rd quarter worth $8,486,000. Hyperion Asset Management Ltd bought a new stake in shares of ARM in the 3rd quarter worth $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ARM by 34.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock worth $2,644,000 after buying an additional 6,232 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Stock Up 8.3%

ARM opened at $412.55 on Tuesday. The stock has a fifty day moving average of $249.09 and a 200-day moving average of $167.34. The firm has a market capitalization of $440.64 billion, a P/E ratio of 491.13, a PEG ratio of 13.83 and a beta of 3.77. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $427.99.

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 return on equity of 12.43% and a net margin of 18.37%.The company had revenue of $1.49 billion during the quarter. On average, analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARM shares. Raymond James Financial reissued an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research report on Thursday, May 7th. Jefferies Financial Group set a $290.00 price objective on ARM in a research report on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and an average price target of $239.00.

Insiders Place Their Bets

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the transaction, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at $4,765,414.50. This represents a 48.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Spencer Collins sold 51,961 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 301,338 shares of company stock valued at $66,030,158 in the last three months.

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.