PKO Investment Management Joint Stock Co Has $756,000 Position in ARM Holdings PLC Sponsored ADR $ARM

PKO Investment Management Joint Stock Co cut its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 80.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,000 shares of the company’s stock after selling 20,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in ARM were worth $756,000 as of its most recent filing with the SEC.

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

ARM Price Performance

ARM opened at $366.39 on Wednesday. The company has a market cap of $391.33 billion, a price-to-earnings ratio of 436.18, a price-to-earnings-growth ratio of 14.81 and a beta of 3.77. The firm has a 50 day simple moving average of $280.67 and a 200 day simple moving average of $179.01. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $100.02 and a fifty-two week high of $452.70.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 earnings per share 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 for the quarter. As a group, analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Insider Buying and Selling

In other news, 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 transaction, the chief accounting officer owned 12,135 shares of the company’s stock, valued at $4,765,414.50. This represents a 48.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard Roy Grisenthwaite sold 24,339 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $209.15, for a total value of $5,090,501.85. Following the completion of the transaction, the insider owned 5,543 shares in the company, valued at $1,159,318.45. This 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. Insiders have sold a total of 256,191 shares of company stock worth $59,026,200 over the last 90 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARM. Royal Bank Of Canada upped their price target on shares of ARM from $175.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Guggenheim boosted their target price on shares of ARM from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company upped their target price on shares of ARM from $255.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Jefferies Financial Group set a $290.00 price target on shares of ARM in a research note on Thursday, May 21st. Finally, Barclays raised their price target on shares of ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Nineteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.58.

ARM 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.