Rathbones Group PLC Has $54.66 Million Stock Holdings in ARM Holdings PLC Sponsored ADR $ARM

Rathbones Group PLC boosted its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 4,638.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 500,043 shares of the company’s stock after buying an additional 489,491 shares during the quarter. Rathbones Group PLC’s holdings in ARM were worth $54,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors acquired a new position in ARM during the 3rd quarter valued at about $243,098,000. Hyperion Asset Management Ltd acquired a new stake in shares of ARM during the 3rd quarter worth approximately $202,980,000. Invesco Ltd. raised its stake in shares of ARM by 139.9% during the second quarter. Invesco Ltd. now owns 1,381,906 shares of the company’s stock worth $223,509,000 after buying an additional 805,886 shares during the last quarter. Baillie Gifford & Co. bought a new position in ARM in the third quarter valued at approximately $90,678,000. Finally, Marshall Wace LLP grew its holdings in ARM by 69.5% during the 3rd quarter. Marshall Wace LLP now owns 818,637 shares of the company’s stock worth $115,829,000 after acquiring an additional 335,685 shares during the period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ARM

In related news, CFO Jason Child sold 21,280 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $148.37, for a total transaction of $3,157,313.60. Following the sale, the chief financial officer owned 174,706 shares in the company, valued at approximately $25,921,129.22. This represents a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rene A. Haas sold 7,986 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $160.86, for a total value of $1,284,627.96. Following the completion of the transaction, the chief executive officer owned 282,979 shares of the company’s stock, valued at approximately $45,520,001.94. This represents a 2.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 53,133 shares of company stock worth $8,288,586.

Wall Street Analyst Weigh In

Several analysts have commented on ARM shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of ARM from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Wednesday, March 25th. Guggenheim increased their target price on ARM from $201.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Raymond James Financial upgraded ARM from a “market perform” rating to an “outperform” rating and set a $166.00 target price on the stock in a report on Wednesday, March 25th. KeyCorp restated an “overweight” rating on shares of ARM in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Wednesday, January 21st. Nineteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.58.

ARM Price Performance

NASDAQ ARM opened at $149.11 on Monday. The firm’s 50 day moving average is $126.06 and its 200-day moving average is $133.99. The company has a market capitalization of $157.54 billion, a PE ratio of 198.81, a price-to-earnings-growth ratio of 6.65 and a beta of 3.33. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $183.16.

ARM (NASDAQ:ARM) last released its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. ARM had a net margin of 17.15% and a return on equity of 14.01%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS 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.