Daiwa Securities Group Inc. Grows Holdings in ARM Holdings PLC Sponsored ADR $ARM

Daiwa Securities Group Inc. grew its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,177 shares of the company’s stock after acquiring an additional 1,780 shares during the period. Daiwa Securities Group Inc.’s holdings in ARM were worth $1,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rathbones Group PLC boosted its stake in shares of ARM by 4,638.8% during the 4th quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock valued at $54,660,000 after buying an additional 489,491 shares during the last quarter. Paragon Capital Management Inc. purchased a new position in shares of ARM during the 4th quarter valued at approximately $826,000. Lansdowne Partners UK LLP purchased a new position in shares of ARM during the 3rd quarter valued at approximately $8,486,000. Hyperion Asset Management Ltd acquired a new stake in shares of ARM during the 3rd quarter valued at approximately $202,980,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ARM by 34.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,188 shares of the company’s stock valued at $2,644,000 after acquiring an additional 6,232 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ARM news, insider William Abbey sold 6,566 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $402.72, for a total value of $2,644,259.52. Following the sale, the insider directly owned 20,563 shares of the company’s stock, valued at $8,281,131.36. This trade represents a 24.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total value of $4,439,866.20. Following the completion of the sale, the chief accounting officer directly owned 12,135 shares in the company, valued at $4,765,414.50. This represents a 48.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 301,338 shares of company stock valued at $66,030,158 over the last three months.

Analyst Ratings Changes

ARM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a research report on Thursday, May 7th. TD Cowen upped their price target on ARM from $165.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group set a $290.00 price target on ARM in a research report on Thursday, May 21st. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. Finally, Mizuho upped their price target on ARM from $425.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday. Twenty equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.04.

ARM Price Performance

Shares of NASDAQ ARM opened at $307.43 on Thursday. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $427.99. The business’s fifty day moving average price is $235.49 and its two-hundred day moving average price is $162.14. The firm has a market capitalization of $328.36 billion, a PE ratio of 365.99, a P/E/G ratio of 11.80 and a beta of 3.78.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The firm had revenue of $1.49 billion for the quarter. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal 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.