Hsbc Holdings PLC Acquires 18,717 Shares of ARM Holdings PLC Sponsored ADR $ARM

Hsbc Holdings PLC lifted its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) by 25.2% during the fourth quarter, HoldingsChannel reports. The firm owned 92,992 shares of the company’s stock after acquiring an additional 18,717 shares during the quarter. Hsbc Holdings PLC’s holdings in ARM were worth $10,281,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ARM. Amundi grew its position in shares of ARM by 24.8% in the 1st quarter. Amundi now owns 11,804 shares of the company’s stock valued at $1,153,000 after purchasing an additional 2,345 shares during the period. Empowered Funds LLC raised its holdings in ARM by 28.8% during the 1st quarter. Empowered Funds LLC now owns 4,887 shares of the company’s stock worth $522,000 after buying an additional 1,094 shares during the period. Schnieders Capital Management LLC. lifted its stake in ARM by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,430 shares of the company’s stock valued at $393,000 after buying an additional 200 shares in the last quarter. Bank of Nova Scotia bought a new position in ARM in the second quarter valued at approximately $556,000. Finally, State Street Corp boosted its holdings in shares of ARM by 14.7% in the second quarter. State Street Corp now owns 441,445 shares of the company’s stock valued at $71,399,000 after buying an additional 56,656 shares during the period. Institutional investors own 7.53% of the company’s stock.

ARM Trading Down 3.2%

Shares of ARM opened at $347.71 on Friday. The company’s fifty day simple moving average is $288.40 and its 200 day simple moving average is $181.99. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The company has a market cap of $371.38 billion, a price-to-earnings ratio of 413.94, a PEG ratio of 13.04 and a beta of 3.78.

ARM (NASDAQ:ARMGet Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 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 during the quarter. As a group, research analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Insider Activity

In related news, insider William Abbey sold 6,566 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $402.72, for a total value of $2,644,259.52. Following the completion of the sale, the insider directly owned 20,563 shares in the company, valued at approximately $8,281,131.36. This trade represents a 24.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charlotte Claire Eaton sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 7,805 shares of the company’s stock, valued at $2,207,019.85. This trade represents a 33.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 248,205 shares of company stock valued at $57,741,572 in the last 90 days.

ARM News Roundup

Here are the key news stories impacting ARM this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ARM. Rosenblatt Securities increased their price objective on shares of ARM from $175.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Bank of America upped their target price on shares of ARM from $335.00 to $460.00 and gave the stock a “neutral” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Monday, April 20th. TD Cowen lifted their price target on ARM from $265.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Guggenheim boosted their price target on ARM from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Nineteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $279.83.

Check Out Our Latest Stock Report on ARM

About ARM

(Free Report)

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.

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Want to see what other hedge funds are holding ARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report).

Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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