2,359 Shares in ARM Holdings PLC Sponsored ADR $ARM Bought by Waverly Advisors LLC

Waverly Advisors LLC purchased a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 1st quarter, HoldingsChannel reports. The firm purchased 2,359 shares of the company’s stock, valued at approximately $357,000.

A number of other hedge funds have also added to or reduced their stakes in ARM. Morgan Stanley lifted its position in shares of ARM by 1.2% in the 4th quarter. Morgan Stanley now owns 3,783,006 shares of the company’s stock worth $413,521,000 after purchasing an additional 45,314 shares during the period. Invesco Ltd. increased its position in shares of ARM by 36.9% during the fourth quarter. Invesco Ltd. now owns 2,426,850 shares of the company’s stock valued at $265,279,000 after buying an additional 654,727 shares during the period. Coatue Management LLC raised its stake in ARM by 1.8% in the fourth quarter. Coatue Management LLC now owns 2,300,000 shares of the company’s stock worth $251,413,000 after buying an additional 40,174 shares in the last quarter. Wellington Management Group LLP raised its stake in ARM by 41.6% in the fourth quarter. Wellington Management Group LLP now owns 2,149,159 shares of the company’s stock worth $234,925,000 after buying an additional 631,576 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in ARM by 11.0% in the fourth quarter. Schroder Investment Management Group now owns 1,891,310 shares of the company’s stock worth $206,739,000 after buying an additional 187,035 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $255.00 price objective on shares of ARM in a research report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a $320.00 target price on shares of ARM in a research report on Monday, July 20th. Rosenblatt Securities dropped their price target on ARM from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday. Sanford C. Bernstein set a $500.00 price target on ARM in a research note on Wednesday, June 17th. Finally, HSBC cut ARM from a “buy” rating to a “hold” rating and upped their price target for the stock from $255.00 to $315.00 in a research note on Tuesday, July 14th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.33.

Insider Activity

In other news, insider William Abbey sold 10,887 shares of ARM stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the completion of the transaction, the insider owned 43,353 shares of the company’s stock, valued at $9,717,141.42. The trade was a 20.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Spencer Collins sold 51,961 shares of the company’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 completion of the transaction, the insider owned 51,125 shares in the company, valued at approximately $10,824,696.25. The trade was a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 216,049 shares of company stock valued at $52,101,605.

ARM Stock Down 0.3%

ARM stock opened at $239.06 on Tuesday. ARM Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70. The company has a market capitalization of $255.34 billion, a P/E ratio of 246.46, a PEG ratio of 7.12 and a beta of 3.91. The stock’s 50 day moving average is $327.29 and its 200 day moving average is $214.54.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. ARM had a return on equity of 12.24% and a net margin of 20.25%.The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. ARM has set its Q2 2027 guidance at 0.430-0.510 EPS. As a group, equities analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS 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.