Pacific Heights Asset Management LLC Buys 90,000 Shares of ARM Holdings PLC Sponsored ADR $ARM

Pacific Heights Asset Management LLC boosted its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 48.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,000 shares of the company’s stock after buying an additional 90,000 shares during the quarter. ARM makes up 1.1% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 20th largest position. Pacific Heights Asset Management LLC’s holdings in ARM were worth $30,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARM. Capital Research Global Investors bought a new stake in ARM during the 3rd quarter valued at about $243,098,000. Northwestern Mutual Wealth Management Co. lifted its holdings in ARM by 2,623.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock valued at $182,743,000 after buying an additional 1,610,403 shares in the last quarter. Hyperion Asset Management Ltd bought a new stake in ARM during the 3rd quarter valued at about $202,980,000. Baillie Gifford & Co. bought a new stake in shares of ARM in the 3rd quarter valued at about $90,678,000. Finally, Rathbones Group PLC raised its holdings in shares of ARM by 4,638.8% in the 4th quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock valued at $54,660,000 after purchasing an additional 489,491 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

NASDAQ ARM opened at $209.16 on Monday. The firm has a market cap of $220.98 billion, a PE ratio of 249.00, a price-to-earnings-growth ratio of 7.60 and a beta of 3.40. The company has a 50 day moving average price of $164.92 and a 200 day moving average price of $140.32. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $239.50.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. The firm had revenue of $1.49 billion during the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. On average, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARM has been the subject of several recent research reports. New Street Research upgraded shares of ARM from a “neutral” rating to a “buy” rating in a report on Thursday, February 5th. Raymond James Financial restated an “outperform” rating on shares of ARM in a report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price target on shares of ARM from $180.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Mizuho boosted their price target on shares of ARM from $230.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a report on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $199.61.

Key Stories Impacting ARM

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Arm’s software and hardware ecosystem continues to reinforce its competitive moat, supporting its leadership in smartphones and device computing. ARM’s Powerful Ecosystem Advantage Drives Market Leadership
• Positive Sentiment: Recent reporting says Arm and SoftBank tried to buy Cerebras, signaling continued ambition to expand Arm’s footprint in AI semiconductors. Arm’s Cerebras Bid Sheds Light On AI Chip Expansion Plans
• Positive Sentiment: UBS data showed ARM gaining server chip share at Intel’s expense, reinforcing the bull case for Arm’s long-term growth in data center and AI-related markets. New report shows AMD and ARM continue server share gains at Intel’s expense
• Neutral Sentiment: Analysts warned that the AI trade may be taking a breather, which has weighed on chip stocks broadly rather than on ARM-specific fundamentals. The AI Trade Takes a Breather to End the Week
• Neutral Sentiment: A major insider sale by Spencer Collins may be adding near-term pressure, though it does not change the company’s operating outlook by itself. ARM Insider Spencer Collins Sells 51,961 Shares
• Negative Sentiment: Another market note linked ARM to warnings about a potential chip-stock bubble, contributing to the day’s risk-off sentiment in semiconductor names. Intel Stock Is Falling as Analyst Issues Chip-Stock Bubble Warning

Insider Buying and Selling

In related news, CFO Jason Child sold 21,280 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the completion of the transaction, the chief financial officer owned 174,706 shares in the company, valued at $25,921,129.22. The trade was a 10.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rene A. Haas sold 23,867 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total transaction of $3,846,644.39. Following the transaction, the chief executive officer owned 290,965 shares of the company’s stock, valued at approximately $46,894,829.05. This trade represents a 7.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 135,673 shares of company stock worth $24,616,433 in the last 90 days.

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.