Corps Capital Advisors LLC Purchases 2,580 Shares of ARM Holdings PLC Sponsored ADR $ARM

Corps Capital Advisors LLC increased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) by 36.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,580 shares of the company’s stock after buying an additional 2,580 shares during the period. ARM comprises approximately 1.1% of Corps Capital Advisors LLC’s holdings, making the stock its 25th largest position. Corps Capital Advisors LLC’s holdings in ARM were worth $1,047,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Compound Planning Inc. raised its position in shares of ARM by 4.6% during the 3rd quarter. Compound Planning Inc. now owns 1,569 shares of the company’s stock valued at $222,000 after buying an additional 69 shares in the last quarter. Rathbones Group PLC raised its position in shares of ARM by 0.7% during the 3rd quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock valued at $1,493,000 after buying an additional 70 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of ARM by 2.0% during the 3rd quarter. Kovack Advisors Inc. now owns 3,602 shares of the company’s stock valued at $510,000 after buying an additional 72 shares in the last quarter. Murphy & Mullick Capital Management Corp raised its position in shares of ARM by 9.1% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 926 shares of the company’s stock valued at $135,000 after buying an additional 77 shares in the last quarter. Finally, Balboa Wealth Partners raised its position in shares of ARM by 2.7% during the 3rd quarter. Balboa Wealth Partners now owns 3,108 shares of the company’s stock valued at $440,000 after buying an additional 83 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARM. Royal Bank Of Canada upped their target price on shares of ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. HSBC upgraded shares of ARM from a “reduce” rating to a “buy” rating and upped their target price for the company from $90.00 to $205.00 in a research report on Friday, March 20th. Needham & Company LLC upped their target price on shares of ARM from $200.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $150.00 target price (up from $135.00) on shares of ARM in a research report on Tuesday, April 7th. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $239.00.

Read Our Latest Research Report on ARM

ARM News Summary

Here are the key news stories impacting ARM this week:

ARM Price Performance

ARM stock opened at $380.81 on Friday. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $427.99. The firm has a market capitalization of $406.74 billion, a P/E ratio of 453.35, a price-to-earnings-growth ratio of 12.43 and a beta of 3.78. The company’s 50-day moving average is $243.82 and its 200 day moving average is $165.14.

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

Insider Activity

In other news, CFO Jason Child sold 31,920 shares of ARM stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total transaction of $7,231,156.80. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Laura Kathleen Bartels sold 11,306 shares of ARM stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the sale, the chief accounting officer owned 12,135 shares of the company’s stock, valued at $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 301,338 shares of company stock valued at $66,030,158 in the last ninety days.

ARM Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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