180 Wealth Advisors LLC Purchases 9,962 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

• 180 Wealth Advisors LLC significantly increased its stake in ARM Holdings by 121.7%, acquiring an additional 9,962 shares during the 2nd quarter, bringing their total holdings to 18,149 shares worth $2.93 million.
• ARM Holdings reported $1.05 billion in quarterly revenue, with earnings per share of $0.35, slightly exceeding analysts' expectations.
• Analyst ratings for ARM indicate a consensus rating of "Moderate Buy", with price targets ranging from $171 to $187 from various firms.

180 Wealth Advisors LLC grew its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 121.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,149 shares of the company's stock after purchasing an additional 9,962 shares during the quarter. 180 Wealth Advisors LLC's holdings in ARM were worth $2,935,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Carnegie Investment Counsel bought a new position in shares of ARM during the 2nd quarter valued at about $216,000. TFB Advisors LLC increased its position in shares of ARM by 31.9% during the 2nd quarter. TFB Advisors LLC now owns 3,409 shares of the company's stock valued at $551,000 after purchasing an additional 825 shares during the last quarter. Pacific Heights Asset Management LLC bought a new position in shares of ARM during the 2nd quarter valued at about $22,644,000. FNY Investment Advisers LLC bought a new position in ARM during the 2nd quarter worth approximately $92,000. Finally, Sanders Morris Harris LLC bought a new position in ARM during the 2nd quarter worth approximately $229,000. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

NASDAQ ARM opened at $166.60 on Friday. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88. The stock has a 50 day simple moving average of $149.14 and a two-hundred day simple moving average of $139.11. The stock has a market cap of $176.01 billion, a P/E ratio of 252.42, a price-to-earnings-growth ratio of 10.41 and a beta of 4.10.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%.The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the business posted $0.40 EPS. The business's revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ARM. Weiss Ratings restated a "hold (c)" rating on shares of ARM in a research report on Wednesday, October 8th. UBS Group reduced their price target on ARM from $185.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Evercore ISI raised their price target on ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Guggenheim raised their price target on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Finally, Morgan Stanley reduced their price target on ARM from $180.00 to $171.00 and set an "overweight" rating on the stock in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $168.14.

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.

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