Midwest Trust Co Makes New Investment in ARM Holdings PLC Sponsored ADR $ARM

Midwest Trust Co acquired a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,541 shares of the company’s stock, valued at approximately $4,469,000.

Several other large investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of ARM by 2,623.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock worth $182,743,000 after acquiring an additional 1,610,403 shares during the last quarter. Hyperion Asset Management Ltd purchased a new position in ARM in the third quarter valued at about $202,980,000. Employees Provident Fund Board acquired a new stake in ARM during the 4th quarter valued at approximately $120,241,000. SG Americas Securities LLC grew its stake in ARM by 265.6% during the 1st quarter. SG Americas Securities LLC now owns 971,067 shares of the company’s stock valued at $146,903,000 after purchasing an additional 705,459 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of ARM by 36.9% during the 4th quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after buying an additional 654,727 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ARM

In other news, CAO Laura Kathleen Bartels sold 11,306 shares of the stock in a transaction that occurred 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 directly owned 12,135 shares in the company, valued at approximately $4,765,414.50. This represents a 48.23% 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. Also, insider William Abbey sold 10,887 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the completion of the sale, the insider directly owned 43,353 shares in the company, valued at approximately $9,717,141.42. This trade represents a 20.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 248,205 shares of company stock valued at $57,741,572 over the last ninety days.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $323.39 on Monday. The stock has a market capitalization of $345.41 billion, a price-to-earnings ratio of 384.99, a price-to-earnings-growth ratio of 11.74 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The company’s fifty day moving average is $318.07 and its two-hundred day moving average is $197.37.

ARM (NASDAQ:ARM) last posted its quarterly 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 during the quarter. Sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARM. Sanford C. Bernstein set a $500.00 price target on shares of ARM in a research note on Wednesday, June 17th. Royal Bank Of Canada raised their price objective on shares of ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 target price on shares of ARM in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group lifted their price target on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $279.83.

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.