Capstone Capital Management Ltd Acquires 4,324 Shares of Arm Holdings PLC Sponsored ADR $ARM

Capstone Capital Management Ltd acquired a new stake in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,324 shares of the company’s stock, valued at approximately $1,252,000.

Other institutional investors have also recently modified their holdings of the company. Paragon Capital Management Inc. increased its position in ARM by 40.4% during the 1st quarter. Paragon Capital Management Inc. now owns 10,609 shares of the company’s stock worth $1,605,000 after purchasing an additional 3,055 shares in the last quarter. QRG Capital Management Inc. lifted its stake in ARM by 32.1% in the 2nd quarter. QRG Capital Management Inc. now owns 9,591 shares of the company’s stock valued at $3,401,000 after purchasing an additional 2,330 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in ARM in the 2nd quarter valued at approximately $1,359,000. Envestnet Portfolio Solutions Inc. bought a new position in ARM in the 2nd quarter valued at approximately $2,755,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in ARM in the second quarter valued at approximately $38,280,000. 7.53% of the stock is currently owned by institutional investors.

Insider Activity at ARM

In other ARM news, CFO Jason Child sold 10,400 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $300.00, for a total value of $3,120,000.00. Following the sale, the chief financial officer owned 153,442 shares in the company, valued at approximately $46,032,600. The trade was a 6.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Stock Down 3.1%

Shares of ARM stock opened at $221.06 on Wednesday. Arm Holdings PLC Sponsored ADR has a twelve month low of $100.02 and a twelve month high of $452.70. The stock has a market cap of $236.11 billion, a price-to-earnings ratio of 247.88, a P/E/G ratio of 6.76 and a beta of 3.78. The company’s fifty day moving average is $265.51 and its 200 day moving average is $271.26.

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

Analysts Set New Price Targets

A number of analysts have weighed in on ARM shares. UBS Group decreased their target price on shares of ARM from $360.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Thursday, October 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $320.00 price target on shares of ARM in a research note on Monday, July 20th. Benchmark started coverage on ARM in a report on Thursday, July 16th. They set a “hold” rating on the stock. Finally, Susquehanna raised their price objective on ARM from $300.00 to $320.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $303.32.

ARM Company Profile

Arm Holdings plc (NASDAQ: ARM) is a semiconductor and software design company that develops central processing unit (CPU) architectures and related intellectual property. Rather than manufacturing chips itself, Arm licenses its designs and instruction-set architectures to semiconductor companies and technology manufacturers, which incorporate them into their own products.

The company’s offerings include CPU processor cores, graphics processing units through its Mali product family, system IP, development tools and software.