Baker Chad R Purchases Shares of 12,155 Arm Holdings plc (NASDAQ:ARM)

Baker Chad R purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,155 shares of the company's stock, valued at approximately $1,298,000.

Other institutional investors have also recently made changes to their positions in the company. GeoWealth Management LLC grew its stake in shares of ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new position in ARM in the fourth quarter valued at $40,000. Farther Finance Advisors LLC increased its holdings in ARM by 108.6% during the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after purchasing an additional 453 shares during the period. Harbour Investments Inc. raised its position in ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company's stock valued at $111,000 after purchasing an additional 258 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in shares of ARM in the 4th quarter valued at about $123,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARM. TD Cowen decreased their price target on ARM from $200.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Raymond James decreased their target price on ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Morgan Stanley lowered their price target on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, March 28th. KGI Securities started coverage on shares of ARM in a report on Tuesday, April 15th. They set a "neutral" rating on the stock. Finally, Cfra Research upgraded shares of ARM to a "hold" rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $152.76.

ARM Stock Down 2.2%

ARM stock traded down $3.07 on Friday, hitting $135.55. The company's stock had a trading volume of 3,305,200 shares, compared to its average volume of 6,623,953. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75. The firm has a market cap of $143.58 billion, a P/E ratio of 178.36, a price-to-earnings-growth ratio of 6.33 and a beta of 4.08. The company has a fifty day moving average price of $119.29 and a 200-day moving average price of $130.65.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion during 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%. The business's revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. Analysts anticipate that Arm Holdings plc will post 0.9 EPS 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.