Arm Holdings plc (NASDAQ:ARM) Stock Holdings Cut by Cetera Investment Advisers

Cetera Investment Advisers lessened its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,975 shares of the company's stock after selling 4,806 shares during the quarter. Cetera Investment Advisers' holdings in ARM were worth $5,055,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ARM. AdvisorNet Financial Inc boosted its stake in shares of ARM by 6.9% in the fourth quarter. AdvisorNet Financial Inc now owns 2,578 shares of the company's stock worth $318,000 after acquiring an additional 167 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of ARM by 29.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,590 shares of the company's stock worth $443,000 after purchasing an additional 810 shares during the period. Clarus Wealth Advisors purchased a new position in shares of ARM during the 4th quarter worth $732,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of ARM during the 4th quarter worth $2,320,000. Finally, Empirical Asset Management LLC grew its holdings in shares of ARM by 2.4% during the 4th quarter. Empirical Asset Management LLC now owns 8,525 shares of the company's stock worth $1,052,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Up 2.2%

Shares of NASDAQ ARM traded up $2.89 on Friday, hitting $135.96. The company had a trading volume of 4,741,834 shares, compared to its average volume of 7,042,657. The firm has a market capitalization of $142.46 billion, a P/E ratio of 178.90, a PEG ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The business has a 50 day moving average of $111.60 and a two-hundred day moving average of $131.61.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. ARM's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, sell-side analysts anticipate that Arm Holdings plc will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ARM shares. Raymond James reduced their price target on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Susquehanna raised their price target on ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Barclays dropped their price target on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Evercore ISI raised their price target on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Citigroup lowered their target price on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. 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's stock. Based on data from MarketBeat, ARM has an average rating of "Moderate Buy" and a consensus price target of $152.76.

ARM 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.