Envestnet Asset Management Inc. Purchases 13,256 Shares of ARM Holdings PLC Sponsored ADR $ARM

Envestnet Asset Management Inc. grew its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 18.4% in the third quarter, HoldingsChannel.com reports. The fund owned 85,107 shares of the company’s stock after buying an additional 13,256 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ARM were worth $12,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ARM. Hantz Financial Services Inc. grew its position in ARM by 197.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,510 shares of the company’s stock worth $214,000 after acquiring an additional 1,002 shares during the last quarter. Penserra Capital Management LLC boosted its stake in ARM by 22.9% in the third quarter. Penserra Capital Management LLC now owns 270,899 shares of the company’s stock worth $38,329,000 after purchasing an additional 50,395 shares in the last quarter. Peterson Wealth Services grew its holdings in shares of ARM by 34,150.0% during the third quarter. Peterson Wealth Services now owns 7,535 shares of the company’s stock worth $1,066,000 after purchasing an additional 7,513 shares during the last quarter. AGF Management Ltd. acquired a new stake in shares of ARM in the third quarter valued at $340,000. Finally, Jones Financial Companies Lllp increased its stake in shares of ARM by 21.1% in the third quarter. Jones Financial Companies Lllp now owns 57,968 shares of the company’s stock valued at $8,093,000 after buying an additional 10,083 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Raymond James Financial started coverage on shares of ARM in a research report on Friday, November 21st. They set a “hold” rating on the stock. Mizuho reduced their target price on shares of ARM from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. KeyCorp reissued an “overweight” rating on shares of ARM in a report on Thursday, February 5th. Wells Fargo & Company dropped their price objective on shares of ARM from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, UBS Group decreased their price objective on ARM from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus target price of $160.81.

ARM Stock Up 1.3%

NASDAQ:ARM opened at $126.89 on Wednesday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $183.16. The stock’s fifty day simple moving average is $115.16 and its 200-day simple moving average is $136.25. The firm has a market capitalization of $134.06 billion, a P/E ratio of 169.19, a P/E/G ratio of 8.64 and a beta of 4.35.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, February 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 14.01% and a net margin of 17.15%.The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. ARM has set its Q4 2026 guidance at 0.540-0.620 EPS. As a group, equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

ARM Company 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.