Mitsubishi UFJ Asset Management Co. Ltd. Lowers Stake in ARM Holdings PLC Sponsored ADR $ARM

Mitsubishi UFJ Asset Management Co. Ltd. lessened its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 20.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,522 shares of the company’s stock after selling 5,451 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ARM were worth $2,469,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ARM. Grey Fox Wealth Advisors LLC purchased a new stake in ARM during the third quarter valued at about $28,000. FWL Investment Management LLC purchased a new stake in ARM during the second quarter valued at about $34,000. Strategic Investment Solutions Inc. IL grew 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 acquiring an additional 200 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in ARM during the fourth quarter valued at about $43,000. Finally, WFA of San Diego LLC purchased a new stake in ARM during the second quarter valued at about $49,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM opened at $212.65 on Tuesday. The stock’s 50-day moving average is $157.53 and its two-hundred day moving average is $139.01. The stock has a market cap of $224.67 billion, a PE ratio of 253.15, a P/E/G ratio of 7.35 and a beta of 3.40. ARM Holdings PLC Sponsored ADR has a 12 month low of $100.02 and a 12 month high of $239.50.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. The company 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, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.18 earnings per share for the current year.

Insider Activity

In related news, CFO Jason Child sold 21,280 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $148.37, for a total value of $3,157,313.60. Following the transaction, the chief financial officer owned 174,706 shares in the company, valued at approximately $25,921,129.22. The trade was a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rene A. Haas sold 23,867 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $161.17, for a total value of $3,846,644.39. Following the completion of the transaction, the chief executive officer owned 290,965 shares in the company, valued at approximately $46,894,829.05. This trade represents a 7.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 83,712 shares of company stock worth $13,614,730.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on ARM from $220.00 to $255.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Evercore lowered their price target on ARM from $215.00 to $170.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Susquehanna boosted their price target on ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research report on Thursday, April 16th. The Goldman Sachs Group boosted their price objective on ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Finally, TD Cowen boosted their price objective on ARM from $165.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday. Nineteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.61.

ARM 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.