180 Wealth Advisors LLC Takes $874,000 Position in Arm Holdings plc (NASDAQ:ARM)

180 Wealth Advisors LLC bought a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,187 shares of the company's stock, valued at approximately $874,000.

Other institutional investors also recently added to or reduced their stakes in the company. Tufton Capital Management raised its holdings in shares of ARM by 1.5% in the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company's stock worth $546,000 after purchasing an additional 65 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after buying an additional 72 shares in the last quarter. Zullo Investment Group Inc. lifted its position in shares of ARM by 4.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock valued at $236,000 after acquiring an additional 85 shares during the last quarter. GeoWealth Management LLC boosted its stake in shares of ARM by 53.8% during the 4th 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. Finally, Cibc World Markets Corp grew its holdings in shares of ARM by 3.5% in the 4th quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group decreased their price target on ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Raymond James decreased their target price on shares of ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Barclays reduced their price target on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their target price on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

ARM Stock Performance

Shares of ARM stock traded up $2.72 on Tuesday, reaching $128.78. The stock had a trading volume of 3,440,701 shares, compared to its average volume of 6,870,870. The business's 50-day moving average price is $114.02 and its two-hundred day moving average price is $130.54. The stock has a market cap of $134.94 billion, a P/E ratio of 169.45, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings results 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. ARM had a net margin of 21.82% and a return on equity of 11.94%. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The business's quarterly revenue was up 33.7% compared to the same quarter last year. As a group, equities analysts forecast that Arm Holdings plc will post 0.9 earnings per share 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.