Forum Financial Management LP Invests $254,000 in ARM Holdings PLC Sponsored ADR $ARM

Forum Financial Management LP bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 1,678 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors also recently bought and sold shares of the stock. Capital Research Global Investors acquired a new position in ARM in the third quarter valued at approximately $243,098,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of ARM by 2,623.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,671,787 shares of the company’s stock worth $182,743,000 after purchasing an additional 1,610,403 shares during the period. Hyperion Asset Management Ltd acquired a new stake in shares of ARM during the 3rd quarter worth approximately $202,980,000. Employees Provident Fund Board purchased a new position in shares of ARM during the 4th quarter valued at approximately $120,241,000. Finally, SG Americas Securities LLC increased its holdings in shares of ARM by 265.6% during the 1st quarter. SG Americas Securities LLC now owns 971,067 shares of the company’s stock valued at $146,903,000 after purchasing an additional 705,459 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of NASDAQ ARM opened at $337.47 on Thursday. The firm has a fifty day moving average of $302.53 and a 200 day moving average of $187.70. The firm has a market cap of $360.44 billion, a PE ratio of 401.75, a PEG ratio of 12.88 and a beta of 3.76. 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 posted 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 business had revenue of $1.49 billion for the quarter. On average, equities analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Insider Activity

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $392.70, for a total value of $4,439,866.20. Following the transaction, the chief accounting officer directly owned 12,135 shares of the company’s stock, valued at approximately $4,765,414.50. This trade represents a 48.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Spencer Collins sold 51,961 shares of ARM stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the completion of the sale, the insider owned 51,125 shares in the company, valued at approximately $10,824,696.25. The trade was a 50.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 248,205 shares of company stock worth $57,741,572.

Analysts Set New Price Targets

A number of analysts recently issued reports on ARM shares. Sanford C. Bernstein set a $500.00 price target on shares of ARM in a report on Wednesday, June 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price objective (up from $135.00) on shares of ARM in a report on Tuesday, April 7th. UBS Group upped their price objective on shares of ARM from $260.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Raymond James Financial reissued an “outperform” rating on shares of ARM in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group raised their target price on ARM from $125.00 to $150.00 and gave the company a “sell” rating in a research report on Thursday, May 7th. Nineteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $279.83.

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.