Capital Market Strategies LLC Boosts Stake in Arm Holdings plc (NASDAQ:ARM)

Capital Market Strategies LLC grew its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 39.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,831 shares of the company's stock after acquiring an additional 2,207 shares during the quarter. Capital Market Strategies LLC's holdings in ARM were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. GeoWealth Management LLC raised its position in shares of ARM by 53.8% in 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. Colonial Trust Co SC bought a new position in shares of ARM in the 4th quarter worth $40,000. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after acquiring an additional 72 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after acquiring an additional 453 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company's stock worth $111,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ARM shares. Needham & Company LLC reissued a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Benchmark restated a "hold" rating on shares of ARM in a research note on Thursday, May 8th. TD Cowen lowered their price target on ARM from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Mizuho increased their price target on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Citigroup decreased their target price on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $152.76.

ARM Trading Up 2.7%

NASDAQ:ARM traded up $3.40 during midday trading on Tuesday, reaching $129.46. The company had a trading volume of 1,659,872 shares, compared to its average volume of 6,864,024. The firm has a market capitalization of $135.65 billion, a price-to-earnings ratio of 170.34, a PEG ratio of 6.33 and a beta of 4.39. The stock's fifty day simple moving average is $114.02 and its 200-day simple moving average is $130.54. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last released its 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. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. ARM's revenue was up 33.7% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. As a group, sell-side analysts expect that Arm Holdings plc will post 0.9 EPS for the current year.

About ARM

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.