Greenwood Capital Associates LLC Invests $2.08 Million in ARM Holdings PLC Sponsored ADR $ARM

Greenwood Capital Associates LLC purchased a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 13,759 shares of the company’s stock, valued at approximately $2,081,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARM. Syntax Research Inc. purchased a new stake in ARM during the 1st quarter worth about $30,000. Mcguire Capital Advisors Inc. purchased a new position in ARM during the 4th quarter valued at about $30,000. Navalign LLC purchased a new position in ARM during the 4th quarter valued at about $33,000. FWL Investment Management LLC bought a new stake in shares of ARM during the second quarter valued at about $34,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of ARM in the fourth quarter worth about $38,000. 7.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ARM news, CFO Jason Child sold 31,920 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $226.54, for a total value of $7,231,156.80. Following the completion of the transaction, the chief financial officer owned 174,232 shares of the company’s stock, valued at $39,470,517.28. The trade was a 15.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Spencer Collins sold 51,961 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $211.73, for a total transaction of $11,001,702.53. Following the completion of the transaction, the insider directly owned 51,125 shares in the company, valued at $10,824,696.25. The trade was a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 248,205 shares of company stock worth $57,741,572.

ARM Trading Down 0.1%

Shares of ARM opened at $300.24 on Thursday. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $452.70. The company has a market cap of $320.68 billion, a PE ratio of 357.43, a price-to-earnings-growth ratio of 10.91 and a beta of 3.76. The stock has a 50-day moving average price of $313.06 and a 200-day moving average price of $194.38.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share 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%. As a group, analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ARM shares. Royal Bank Of Canada raised their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of ARM in a report on Tuesday, June 16th. The Goldman Sachs Group increased their target price on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. UBS Group raised their price target on shares of ARM from $260.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Morgan Stanley restated an “equal weight” rating and set a $150.00 price target (up from $135.00) on shares of ARM in a research report on Tuesday, April 7th. Nineteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $279.83.

ARM 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.