Diversify Advisory Services LLC increased its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 63.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,971 shares of the company's stock after purchasing an additional 25,627 shares during the quarter. Diversify Advisory Services LLC's holdings in ARM were worth $7,366,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GeoWealth Management LLC raised its holdings 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 during the last quarter. TFC Financial Management Inc. increased its stake in ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 165 shares during the last quarter. Colonial Trust Co SC acquired a new position in ARM in the fourth quarter valued at $40,000. MorganRosel Wealth Management LLC acquired a new position in ARM in the first quarter valued at $53,000. Finally, Valley National Advisers Inc. increased its stake in ARM by 24.5% in the first quarter. Valley National Advisers Inc. now owns 763 shares of the company's stock valued at $81,000 after purchasing an additional 150 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ARM has been the topic of several research reports. Loop Capital cut their price objective on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. BNP Paribas Exane upgraded ARM from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a report on Wednesday. TD Cowen dropped their price objective on ARM from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Barclays decreased their price objective on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, The Goldman Sachs Group began coverage on shares of ARM in a research report on Thursday, July 10th. They issued a "neutral" rating and a $160.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.87.
Check Out Our Latest Stock Report on ARM
ARM Price Performance
ARM traded down $0.44 during trading on Friday, reaching $156.74. 4,865,492 shares of the company's stock were exchanged, compared to its average volume of 6,020,399. The stock has a market capitalization of $165.60 billion, a P/E ratio of 208.99, a price-to-earnings-growth ratio of 9.04 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a 1 year low of $80.00 and a 1 year high of $182.88. The company's fifty day simple moving average is $141.67 and its 200-day simple moving average is $133.33.
ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a return on equity of 17.97% and a net margin of 19.76%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $0.36 earnings per share. The company's revenue for the quarter was up 33.7% on a year-over-year basis. Equities analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.
About ARM
(
Free Report)
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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