1,459 Shares in ARM Holdings PLC Sponsored ADR $ARM Purchased by KRS Capital Management LLC

KRS Capital Management LLC purchased a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,459 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors also recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake 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 worth $702,129,000 after acquiring an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP bought a new stake in ARM in the first quarter worth $170,287,000. American Century Companies Inc. boosted its holdings in ARM by 112.3% in the first quarter. American Century Companies Inc. now owns 703,365 shares of the company’s stock worth $75,112,000 after acquiring an additional 372,081 shares in the last quarter. Invesco Ltd. boosted its holdings in ARM by 9.5% in the first quarter. Invesco Ltd. now owns 576,020 shares of the company’s stock worth $61,513,000 after acquiring an additional 49,805 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in ARM by 3,853.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company’s stock worth $84,180,000 after acquiring an additional 507,300 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 target price on shares of ARM in a report on Thursday, July 31st. TD Cowen boosted their target price on ARM from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. KeyCorp reissued an “overweight” rating and issued a $190.00 target price (up from $175.00) on shares of ARM in a report on Thursday, July 31st. UBS Group dropped their target price on ARM from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a report 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $167.43.

ARM Price Performance

Shares of NASDAQ:ARM opened at $170.66 on Friday. The company has a market cap of $180.30 billion, a P/E ratio of 258.58, a PEG ratio of 10.14 and a beta of 4.10. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88. The stock’s fifty day moving average price is $143.43 and its 200-day moving average price is $134.83.

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

ARM Company 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.