ARM Holdings PLC Sponsored ADR $ARM Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 45.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,444 shares of the company’s stock after acquiring an additional 50,889 shares during the period. Alliancebernstein L.P.’s holdings in ARM were worth $17,454,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ARM. Brooklyn Investment Group purchased a new stake in shares of ARM in the first quarter worth approximately $28,000. TFC Financial Management Inc. boosted its stake in shares of ARM by 163.4% during the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 165 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of ARM during the 1st quarter worth about $34,000. MorganRosel Wealth Management LLC bought a new stake in ARM during the 1st quarter valued at approximately $53,000. Finally, Pandora Wealth Inc. acquired a new position in ARM during the 1st quarter valued at $53,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Seaport Res Ptn upgraded ARM to a “strong-buy” rating in a research report on Monday, August 11th. BNP Paribas upgraded shares of ARM from a “neutral” rating to an “outperform” rating and upped their target price for the company from $110.00 to $210.00 in a research report on Wednesday, July 16th. Guggenheim lifted their price objective on ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Raymond James Financial raised their target price on shares of ARM from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of ARM in a research report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.67.

ARM Stock Up 9.5%

ARM opened at $154.14 on Thursday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The stock has a market cap of $162.85 billion, a price-to-earnings ratio of 233.55, a PEG ratio of 9.41 and a beta of 4.17. The business has a 50 day moving average of $145.12 and a 200-day moving average of $130.88.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. As a group, analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.