Victrix Investment Advisors Makes New $211,000 Investment in ARM Holdings PLC Sponsored ADR $ARM

Victrix Investment Advisors bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,306 shares of the company’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in ARM during the 2nd quarter worth approximately $39,000. Brooklyn Investment Group bought a new stake in shares of ARM in the 1st quarter worth approximately $28,000. TFC Financial Management Inc. lifted its holdings in shares of ARM by 163.4% in the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 165 shares during the last quarter. ORG Partners LLC bought a new stake in shares of ARM in the 2nd quarter worth approximately $48,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of ARM in the 1st quarter worth approximately $34,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Up 1.2%

Shares of ARM stock opened at $141.49 on Wednesday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The firm has a market capitalization of $149.49 billion, a PE ratio of 214.38, a price-to-earnings-growth ratio of 9.34 and a beta of 4.17. The stock’s fifty day moving average is $143.57 and its 200-day moving average is $133.08.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. ARM’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ARM shares. Mizuho raised their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. Wells Fargo & Company raised their price target on ARM from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. UBS Group cut their price target on ARM from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. TD Cowen lifted their target price on ARM from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Evercore ISI lifted their target price on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

ARM Company 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.