SG Americas Securities LLC Buys 705,459 Shares of ARM Holdings PLC Sponsored ADR $ARM

SG Americas Securities LLC grew its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 265.6% in the 1st quarter, HoldingsChannel reports. The fund owned 971,067 shares of the company’s stock after purchasing an additional 705,459 shares during the quarter. SG Americas Securities LLC’s holdings in ARM were worth $146,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ARM. Mcguire Capital Advisors Inc. bought a new position in shares of ARM during the fourth quarter worth approximately $30,000. Navalign LLC bought a new position in ARM during the 4th quarter worth $33,000. FWL Investment Management LLC acquired a new stake in shares of ARM during the second quarter worth $34,000. Motiv8 Investments LLC acquired a new stake in shares of ARM during the fourth quarter worth $38,000. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of ARM by 238.1% in 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. Institutional investors own 7.53% of the company’s stock.

Insider Activity

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 directly owned 12,135 shares in the company, valued at $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charlotte Claire Eaton sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $282.77, for a total transaction of $1,131,080.00. Following the transaction, the insider owned 7,805 shares of the company’s stock, valued at approximately $2,207,019.85. This represents a 33.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 301,338 shares of company stock worth $66,030,158.

ARM Price Performance

ARM stock opened at $439.46 on Monday. The company has a market cap of $469.38 billion, a PE ratio of 523.17, a price-to-earnings-growth ratio of 15.96 and a beta of 3.77. The business has a 50-day simple moving average of $271.16 and a 200 day simple moving average of $175.50. ARM Holdings PLC Sponsored ADR has a 52 week low of $100.02 and a 52 week high of $452.70.

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

Analysts Set New Price Targets

ARM has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price target (up from $135.00) on shares of ARM in a research report on Tuesday, April 7th. The Goldman Sachs Group boosted their price objective on shares of ARM from $125.00 to $150.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Jefferies Financial Group set a $290.00 target price on shares of ARM in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ARM in a research report on Thursday, May 7th. Finally, Susquehanna boosted their price target on ARM from $170.00 to $210.00 and gave the company a “positive” rating in a research note on Thursday, April 16th. Nineteen research 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’s stock. According to data from MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus target price of $253.38.

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.