ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Given Average Recommendation of “Moderate Buy” by Brokerages

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) has earned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $245.0417.

A number of research analysts have issued reports on ARM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of ARM in a report on Tuesday. Rosenblatt Securities upped their price target on ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a report 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. HSBC raised ARM from a “reduce” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $205.00 in a report on Friday, March 20th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price (up from $135.00) on shares of ARM in a report on Tuesday, April 7th.

Insider Buying and Selling at ARM

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of ARM stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 12,135 shares in the company, valued at approximately $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charlotte Claire Eaton sold 4,000 shares of ARM stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $282.77, for a total value of $1,131,080.00. Following the transaction, the insider owned 7,805 shares of the company’s stock, valued at $2,207,019.85. This represents a 33.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 301,338 shares of company stock valued at $66,030,158 in the last quarter.

Institutional Trading of ARM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its stake in shares of ARM by 24.8% during the 1st quarter. Amundi now owns 11,804 shares of the company’s stock worth $1,153,000 after purchasing an additional 2,345 shares during the last quarter. Empowered Funds LLC boosted its position in ARM by 28.8% during the first quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock worth $522,000 after acquiring an additional 1,094 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in ARM by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock worth $393,000 after acquiring an additional 200 shares during the last quarter. Bank of Nova Scotia purchased a new stake in ARM in the 2nd quarter worth approximately $556,000. Finally, State Street Corp raised its holdings in ARM by 14.7% in the 2nd quarter. State Street Corp now owns 441,445 shares of the company’s stock valued at $71,399,000 after acquiring an additional 56,656 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

NASDAQ:ARM opened at $396.34 on Wednesday. ARM has a 1 year low of $100.02 and a 1 year high of $428.60. The stock has a fifty day moving average price of $254.04 and a two-hundred day moving average price of $169.20. The stock has a market capitalization of $423.32 billion, a price-to-earnings ratio of 471.83, a PEG ratio of 14.98 and a beta of 3.78.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share 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. On average, analysts predict that ARM will post 1.12 EPS for the current year.

About ARM

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.