ARM Holdings PLC Sponsored ADR $ARM Shares Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 96.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 45,270 shares of the company’s stock after acquiring an additional 22,170 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in ARM were worth $6,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Syntax Research Inc. acquired a new stake in ARM during the 1st quarter worth $30,000. Mcguire Capital Advisors Inc. acquired a new position in ARM during the 4th quarter worth approximately $30,000. Navalign LLC purchased a new position in ARM in the fourth quarter worth $33,000. FWL Investment Management LLC acquired a new stake in shares of ARM in the second quarter valued at about $34,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of ARM during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ARM shares. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective (up from $135.00) on shares of ARM in a research note on Tuesday, April 7th. Bank of America upped their target price on ARM from $335.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein set a $500.00 price target on shares of ARM in a report on Wednesday, June 17th. Susquehanna boosted their target price on ARM from $170.00 to $210.00 and gave the stock a “positive” rating in a report on Thursday, April 16th. Finally, New Street Research downgraded ARM from a “buy” rating to a “neutral” rating in a report on Thursday, June 18th. Nineteen equities 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $279.83.

Insider Activity

In other ARM news, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $4,765,414.50. The trade was a 48.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William Abbey sold 10,887 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the transaction, the insider owned 43,353 shares of the company’s stock, valued at approximately $9,717,141.42. This represents a 20.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 248,205 shares of company stock worth $57,741,572 over the last three months.

ARM Price Performance

ARM stock opened at $315.28 on Friday. The firm has a market cap of $336.74 billion, a price-to-earnings ratio of 375.33, a PEG ratio of 12.26 and a beta of 3.76. ARM Holdings PLC Sponsored ADR has a 1-year low of $100.02 and a 1-year high of $452.70. The firm has a fifty day moving average price of $305.33 and a two-hundred day moving average price of $189.00.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. The company had revenue of $1.49 billion during the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. As a group, analysts expect that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

About ARM

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.