Defender Capital LLC. Has $7.30 Million Position in ARM Holdings PLC Sponsored ADR $ARM

Defender Capital LLC. cut its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 79.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,581 shares of the company’s stock after selling 78,359 shares during the quarter. ARM accounts for about 2.4% of Defender Capital LLC.’s portfolio, making the stock its 13th biggest holding. Defender Capital LLC.’s holdings in ARM were worth $7,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Syntax Research Inc. bought a new stake in ARM in the 1st quarter valued at approximately $30,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of ARM during the 1st quarter worth approximately $30,000. Mcguire Capital Advisors Inc. bought a new position in shares of ARM during the 4th quarter worth approximately $30,000. Navalign LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $33,000. Finally, FWL Investment Management LLC acquired a new stake in shares of ARM in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Insider Activity

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of ARM stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 12,135 shares in the company, valued at approximately $4,765,414.50. This trade represents a 48.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Child sold 31,920 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $226.54, for a total value of $7,231,156.80. Following the transaction, the chief financial officer directly owned 174,232 shares in the company, valued at approximately $39,470,517.28. This trade represents a 15.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 164,088 shares of company stock valued at $41,099,903.

ARM Price Performance

Shares of ARM stock opened at $267.85 on Tuesday. The stock has a market cap of $286.09 billion, a P/E ratio of 276.14, a P/E/G ratio of 8.38 and a beta of 3.91. The company has a fifty day moving average price of $320.70 and a two-hundred day moving average price of $220.62. ARM Holdings PLC Sponsored ADR has a one year low of $100.02 and a one year high of $452.70.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. ARM had a net margin of 20.25% and a return on equity of 12.24%. ARM’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. As a group, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARM. Sanford C. Bernstein set a $500.00 target price on shares of ARM in a report on Wednesday, June 17th. Morgan Stanley lifted their price target on shares of ARM from $202.00 to $212.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. UBS Group cut their price target on shares of ARM from $360.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Benchmark initiated coverage on shares of ARM in a research note on Thursday, July 16th. They set a “hold” rating for the company. Finally, KeyCorp raised their price objective on ARM from $300.00 to $430.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $285.33.

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.