Swedbank AB Buys Shares of 174,800 ARM Holdings PLC Sponsored ADR $ARM

Swedbank AB bought a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 174,800 shares of the company’s stock, valued at approximately $18,667,000.

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

ARM Price Performance

Shares of NASDAQ:ARM opened at $150.64 on Monday. The company has a market capitalization of $159.15 billion, a PE ratio of 228.24, a price-to-earnings-growth ratio of 10.07 and a beta of 4.17. The business has a fifty day moving average price of $145.03 and a two-hundred day moving average price of $131.02. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88.

ARM (NASDAQ:ARM) last announced 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. ARM had a return on equity of 15.56% and a net margin of 16.96%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARM has been the subject of several analyst reports. Guggenheim raised their price objective on shares of ARM from $147.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Wells Fargo & Company boosted their price target on shares of ARM from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Monday, June 9th. The Goldman Sachs Group began coverage on ARM in a research note on Thursday, July 10th. They set a “neutral” rating and a $160.00 target price for the company. Finally, Seaport Res Ptn raised ARM to a “strong-buy” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.52.

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.