Fund Advisors of America Inc FL Makes New Investment in ARM Holdings PLC Sponsored ADR $ARM

Fund Advisors of America Inc FL acquired a new stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 6,068 shares of the company’s stock, valued at approximately $663,000.

Several other large investors have also made changes to their positions in the business. Capital Research Global Investors acquired a new stake in ARM in the 3rd quarter worth about $243,098,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of ARM by 2,623.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock valued at $182,743,000 after acquiring an additional 1,610,403 shares in the last quarter. Hyperion Asset Management Ltd purchased a new position in shares of ARM in the third quarter valued at approximately $202,980,000. Employees Provident Fund Board acquired a new stake in shares of ARM in the fourth quarter worth approximately $120,241,000. Finally, Invesco Ltd. boosted its stake in shares of ARM by 36.9% in the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock worth $265,279,000 after acquiring an additional 654,727 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ARM

In other ARM 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 value of $7,231,156.80. Following the sale, the chief financial officer owned 174,232 shares of the company’s stock, valued at approximately $39,470,517.28. The trade was a 15.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rene A. Haas sold 23,867 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total value of $3,846,644.39. Following the transaction, the chief executive officer owned 290,965 shares in the company, valued at $46,894,829.05. The trade was a 7.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 301,338 shares of company stock worth $66,030,158.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ARM shares. HSBC raised ARM from a “reduce” rating to a “buy” rating and increased their price objective for the company from $90.00 to $205.00 in a research note on Friday, March 20th. Barclays upped their target price on shares of ARM from $250.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group boosted their price target on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.38.

ARM Price Performance

ARM stock opened at $439.46 on Friday. The firm has a market capitalization of $469.38 billion, a P/E ratio of 523.17, a P/E/G ratio of 15.96 and a beta of 3.78. The business’s 50-day moving average is $271.16 and its two-hundred day moving average is $175.21. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $452.70.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. The company had revenue of $1.49 billion for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. On average, analysts expect that ARM Holdings PLC Sponsored ADR 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.