Royal Fund Management LLC Reduces Holdings in ARM Holdings PLC Sponsored ADR $ARM

Royal Fund Management LLC cut its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 65.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,850 shares of the company’s stock after selling 28,448 shares during the period. Royal Fund Management LLC’s holdings in ARM were worth $1,623,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Compound Planning Inc. grew its holdings in shares of ARM by 4.6% during the third quarter. Compound Planning Inc. now owns 1,569 shares of the company’s stock worth $222,000 after purchasing an additional 69 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of ARM by 3.0% in the 3rd quarter. Ritholtz Wealth Management now owns 2,439 shares of the company’s stock valued at $345,000 after purchasing an additional 70 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of ARM by 0.7% in the 3rd quarter. Rathbones Group PLC now owns 10,552 shares of the company’s stock valued at $1,493,000 after purchasing an additional 70 shares during the last quarter. Nwam LLC boosted its position in shares of ARM by 4.3% in the 3rd quarter. Nwam LLC now owns 1,711 shares of the company’s stock valued at $242,000 after purchasing an additional 71 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of ARM by 2.0% in the 3rd quarter. Kovack Advisors Inc. now owns 3,602 shares of the company’s stock valued at $510,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Insider Buying and Selling at ARM

In other ARM news, CEO Rene A. Haas sold 7,986 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $160.86, for a total transaction of $1,284,627.96. Following the completion of the transaction, the chief executive officer owned 282,979 shares in the company, valued at approximately $45,520,001.94. This represents a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Child sold 21,280 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the completion of the sale, the chief financial officer owned 174,706 shares of the company’s stock, valued at $25,921,129.22. This trade represents a 10.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 53,133 shares of company stock valued at $8,288,586.

ARM Stock Up 10.5%

ARM opened at $151.28 on Wednesday. The business has a 50 day moving average price of $123.98 and a two-hundred day moving average price of $134.04. The company has a market cap of $159.83 billion, a PE ratio of 201.71, a P/E/G ratio of 8.65 and a beta of 4.11. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $183.16.

ARM (NASDAQ:ARM) last announced its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 14.01% and a net margin of 17.15%.The company’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. As a group, sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ARM shares. Mizuho cut their price target on ARM from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Oddo Bhf set a $170.00 price objective on ARM in a report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of ARM in a research report on Wednesday, January 21st. TD Cowen cut their target price on shares of ARM from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Finally, Susquehanna upgraded shares of ARM from a “neutral” rating to a “positive” rating and set a $150.00 price target for the company in a research report on Wednesday, January 21st. Nineteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $168.17.

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.