SG Americas Securities LLC Acquires 705,459 Shares of ARM Holdings PLC Sponsored ADR $ARM

SG Americas Securities LLC grew its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 265.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 971,067 shares of the company’s stock after purchasing an additional 705,459 shares during the period. SG Americas Securities LLC owned about 0.09% of ARM worth $146,903,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Diversified Trust Co bought a new position in ARM in the first quarter valued at $231,000. Rockefeller Capital Management L.P. lifted its position in ARM by 0.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 26,745 shares of the company’s stock worth $2,923,000 after buying an additional 173 shares in the last quarter. Fund Advisors of America Inc FL bought a new stake in ARM during the 4th quarter worth about $663,000. Hsbc Holdings PLC boosted its stake in shares of ARM by 25.2% during the 4th quarter. Hsbc Holdings PLC now owns 92,992 shares of the company’s stock worth $10,281,000 after buying an additional 18,717 shares during the last quarter. Finally, SHP Wealth Management acquired a new position in shares of ARM during the 4th quarter worth about $69,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $439.46 on Monday. The company’s 50-day moving average is $271.16 and its 200-day moving average is $175.50. The firm has a market capitalization of $469.38 billion, a PE ratio of 523.17, a P/E/G ratio of 15.96 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 $452.70.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price (up from $135.00) on shares of ARM in a research report on Tuesday, April 7th. Jefferies Financial Group set a $290.00 price target on ARM in a research report on Thursday, May 21st. Bank of America raised their price target on ARM from $245.00 to $335.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Susquehanna boosted their price target on ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Thursday, April 16th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Nineteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $253.38.

Insiders Place Their Bets

In other news, CFO Jason Child sold 31,920 shares of ARM stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the completion of the transaction, the chief financial officer directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. The trade was a 15.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction that occurred 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 301,338 shares of company stock valued at $66,030,158.

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.