Healthcare of Ontario Pension Plan Trust Fund Raises Position in ARM Holdings PLC Sponsored ADR $ARM

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 317,369 shares of the company’s stock after purchasing an additional 3,108 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ARM were worth $34,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARM. KCM Investment Advisors LLC raised its stake in ARM by 5.4% in the 4th quarter. KCM Investment Advisors LLC now owns 5,374 shares of the company’s stock worth $587,000 after acquiring an additional 275 shares during the last quarter. Clear Street Group Inc. raised its stake in ARM by 5.5% in the 4th quarter. Clear Street Group Inc. now owns 122,733 shares of the company’s stock worth $13,416,000 after acquiring an additional 6,399 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in ARM in the 4th quarter worth $11,587,000. Evelyn Partners Investment Management LLP purchased a new position in ARM in the 4th quarter worth $98,000. Finally, CreativeOne Wealth LLC raised its stake in ARM by 5.0% in the 4th quarter. CreativeOne Wealth LLC now owns 1,830 shares of the company’s stock worth $200,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Insider Buying and Selling at ARM

In other news, insider Spencer Collins sold 51,961 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 51,125 shares in the company, valued at $10,824,696.25. This trade represents a 50.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Roy Grisenthwaite sold 24,339 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $209.15, for a total value of $5,090,501.85. Following the sale, the insider owned 5,543 shares in the company, valued at $1,159,318.45. This trade represents a 81.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 301,338 shares of company stock worth $66,030,158.

ARM Stock Performance

NASDAQ ARM opened at $412.55 on Tuesday. The stock has a 50-day simple moving average of $249.09 and a two-hundred day simple moving average of $167.34. The firm has a market capitalization of $440.64 billion, a P/E ratio of 491.13, a PEG ratio of 13.83 and a beta of 3.77. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $427.99.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. The business had revenue of $1.49 billion during the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. As a group, analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARM. Susquehanna raised their target price on ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of ARM in a research note on Monday, April 20th. Bank of America raised their target price on ARM from $245.00 to $335.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Needham & Company LLC raised their target price on ARM from $200.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group raised their target price on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $239.00.

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.