Capital Market Strategies LLC bought a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,624 shares of the company's stock, valued at approximately $694,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ARM. Franklin Resources Inc. lifted its holdings in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock worth $183,265,000 after acquiring an additional 228,467 shares during the last quarter. International Assets Investment Management LLC raised its position in ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company's stock valued at $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. lifted its stake in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company's stock worth $94,790,000 after purchasing an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company's stock worth $52,279,000 after purchasing an additional 233,909 shares in the last quarter. Finally, Mark Asset Management LP increased its position in shares of ARM by 14.2% during the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company's stock valued at $39,038,000 after purchasing an additional 29,686 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. The Goldman Sachs Group upped their target price on ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Loop Capital boosted their price target on shares of ARM from $130.00 to $180.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, November 7th. Wells Fargo & Company started coverage on ARM in a research note on Friday, November 22nd. They issued an "overweight" rating and a $155.00 target price for the company. Finally, Susquehanna lifted their price target on ARM from $115.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, ARM has an average rating of "Moderate Buy" and an average target price of $150.32.
Check Out Our Latest Analysis on ARM
ARM Stock Up 4.5 %
Shares of ARM stock traded up $6.33 during trading hours on Monday, hitting $147.41. 7,044,588 shares of the company's stock traded hands, compared to its average volume of 5,999,267. The stock has a market cap of $154.46 billion, a price-to-earnings ratio of 245.69, a PEG ratio of 7.15 and a beta of 4.53. The stock's fifty day simple moving average is $137.80 and its two-hundred day simple moving average is $142.28. Arm Holdings plc has a 12-month low of $66.66 and a 12-month high of $188.75.
ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.
ARM Company Profile
(
Free Report)
Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.
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