FNY Investment Advisers LLC Acquires Shares of 572 ARM Holdings PLC Sponsored ADR $ARM

FNY Investment Advisers LLC bought a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 572 shares of the company’s stock, valued at approximately $92,000.

A number of other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in shares of ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock valued at $702,129,000 after buying an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP acquired a new stake in ARM in the first quarter valued at $170,287,000. American Century Companies Inc. boosted its position in shares of ARM by 112.3% during the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company’s stock worth $75,112,000 after purchasing an additional 372,081 shares in the last quarter. Invesco Ltd. grew its stake in shares of ARM by 9.5% during the 1st quarter. Invesco Ltd. now owns 576,020 shares of the company’s stock worth $61,513,000 after purchasing an additional 49,805 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of ARM by 3,853.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,465 shares of the company’s stock valued at $84,180,000 after purchasing an additional 507,300 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, July 31st. UBS Group reduced their price target on shares of ARM from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Mizuho boosted their price target on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. TD Cowen upped their price target on ARM from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ARM in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.14.

ARM Price Performance

Shares of NASDAQ ARM opened at $166.60 on Friday. The firm’s 50-day moving average is $149.14 and its two-hundred day moving average is $139.11. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The company has a market capitalization of $176.01 billion, a PE ratio of 252.42, a price-to-earnings-growth ratio of 10.41 and a beta of 4.10.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. On average, analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.