3,354 Shares in ARM Holdings PLC Sponsored ADR $ARM Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC acquired a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,354 shares of the company’s stock, valued at approximately $507,000.

A number of other large investors have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. bought a new stake in shares of ARM during the 4th quarter worth approximately $30,000. Navalign LLC bought a new position in ARM in the fourth quarter valued at approximately $33,000. FWL Investment Management LLC bought a new position in ARM in the second quarter valued at approximately $34,000. Motiv8 Investments LLC acquired a new position in ARM during the fourth quarter valued at approximately $38,000. Finally, Strategic Investment Solutions Inc. IL raised its position in ARM by 238.1% during the third quarter. Strategic Investment Solutions Inc. IL now owns 284 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Down 4.8%

Shares of ARM opened at $337.47 on Thursday. ARM Holdings PLC Sponsored ADR has a 12-month low of $100.02 and a 12-month high of $452.70. The business has a 50-day simple moving average of $302.53 and a two-hundred day simple moving average of $187.70. The stock has a market cap of $360.44 billion, a PE ratio of 401.75, a PEG ratio of 12.88 and a beta of 3.76.

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

Insiders Place Their Bets

In related news, insider Richard Roy Grisenthwaite sold 24,339 shares of ARM stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $209.15, for a total transaction of $5,090,501.85. Following the sale, the insider directly owned 5,543 shares in the company, valued at $1,159,318.45. This trade represents a 81.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the sale, the chief accounting officer directly owned 12,135 shares in the company, valued at $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 248,205 shares of company stock worth $57,741,572 over the last quarter.

Analysts Set New Price Targets

ARM has been the topic of several recent analyst reports. Jefferies Financial Group set a $290.00 price target on ARM in a research note on Thursday, May 21st. Sanford C. Bernstein set a $500.00 price objective on ARM in a research report on Wednesday, June 17th. Barclays raised their price objective on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. TD Cowen boosted their target price on ARM from $265.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ARM in a report on Thursday, May 7th. Nineteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $279.83.

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.