Ameriprise Financial Inc. Buys 2,626 Shares of Arm Holdings plc (NASDAQ:ARM)

Ameriprise Financial Inc. increased its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,726 shares of the company's stock after acquiring an additional 2,626 shares during the period. Ameriprise Financial Inc.'s holdings in ARM were worth $22,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ardsley Advisory Partners LP bought a new position in shares of ARM in the fourth quarter valued at approximately $2,467,000. Mercer Global Advisors Inc. ADV bought a new stake in ARM during the fourth quarter worth approximately $2,321,000. Guardian Capital LP boosted its holdings in ARM by 7.6% during the fourth quarter. Guardian Capital LP now owns 20,229 shares of the company's stock worth $2,495,000 after buying an additional 1,421 shares in the last quarter. Lido Advisors LLC boosted its holdings in ARM by 23.5% during the fourth quarter. Lido Advisors LLC now owns 2,264 shares of the company's stock worth $279,000 after buying an additional 431 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in ARM by 52.5% during the fourth quarter. Northern Trust Corp now owns 3,992 shares of the company's stock worth $492,000 after buying an additional 1,375 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ARM. The Goldman Sachs Group raised their price objective on shares of ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Raymond James lowered their price target on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Citigroup lowered their price target on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Loop Capital lowered their price target on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, UBS Group lowered their price target on ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.76.

ARM Stock Performance

Shares of ARM stock traded up $2.89 during midday trading on Friday, reaching $135.96. 4,741,834 shares of the company's stock traded hands, compared to its average volume of 7,040,727. The company has a market cap of $142.46 billion, a price-to-earnings ratio of 178.90, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. The company's 50 day simple moving average is $111.60 and its 200 day simple moving average is $131.45. Arm Holdings plc has a 52 week low of $80.00 and a 52 week high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. ARM had a net margin of 21.82% and a return on equity of 11.94%. The business's quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. As a group, equities research analysts predict that Arm Holdings plc will post 0.9 earnings per share for the current 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.