Lido Advisors LLC Raises Holdings in ARM Holdings PLC Sponsored ADR $ARM

Lido Advisors LLC grew its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 23.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 15,759 shares of the company’s stock after buying an additional 3,012 shares during the quarter. Lido Advisors LLC’s holdings in ARM were worth $2,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Syntax Research Inc. purchased a new position in ARM in the first quarter worth $30,000. FWL Investment Management LLC purchased a new stake in shares of ARM during the 2nd quarter worth $34,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ARM during the 1st quarter worth $40,000. Mcguire Capital Advisors Inc. acquired a new position in shares of ARM during the 4th quarter worth $30,000. Finally, Navalign LLC acquired a new position in shares of ARM during the 4th quarter worth $33,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total value of $4,439,866.20. Following the completion of the transaction, the chief accounting officer owned 12,135 shares of the company’s stock, valued at approximately $4,765,414.50. The trade was a 48.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Abbey sold 6,566 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $402.72, for a total transaction of $2,644,259.52. Following the completion of the transaction, the insider owned 20,563 shares in the company, valued at approximately $8,281,131.36. This trade represents a 24.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 216,049 shares of company stock valued at $52,101,605 over the last three months.

Analysts Set New Price Targets

Several analysts recently commented on ARM shares. Royal Bank Of Canada raised their price objective on shares of ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. The Goldman Sachs Group upped their target price on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Susquehanna increased their target price on shares of ARM from $300.00 to $320.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Bank of America lifted their price target on shares of ARM from $335.00 to $460.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein set a $500.00 price target on ARM in a report on Wednesday, June 17th. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $297.65.

ARM Price Performance

ARM stock opened at $260.01 on Monday. The company’s 50 day simple moving average is $330.27 and its 200-day simple moving average is $209.03. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $452.70. The firm has a market capitalization of $277.71 billion, a PE ratio of 309.54, a P/E/G ratio of 8.08 and a beta of 3.76.

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

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.