Cantor Fitzgerald Investment Advisors L.P. Purchases 8,520 Shares of Arm Holdings PLC Sponsored ADR $ARM

Key Points

• Cantor Fitzgerald Investment Advisors purchased 8,520 Arm Holdings shares during the third quarter, valued at approximately $2.47 million. Institutional investors and hedge funds collectively own 7.53% of ARM.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $303.32; individual targets range from $255 to $320.
• ARM recently reported quarterly earnings of $0.45 per share and revenue of $1.29 billion, beating estimates, while revenue grew 22.4% year over year. The stock opened at $226.59 and remains highly valued, with a P/E ratio above 240.

Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,520 shares of the company's stock, valued at approximately $2,468,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ARM. Kings Path Partners LLC bought a new stake in shares of ARM during the 3rd quarter worth $29,000. Crossmark Global Holdings Inc. grew its holdings in shares of ARM by 10.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,022 shares of the company's stock worth $1,744,000 after acquiring an additional 592 shares during the last quarter. Capstone Capital Management Ltd acquired a new stake in shares of ARM during the third quarter worth $1,252,000. LCM Capital Management Inc raised its position in shares of ARM by 10.2% during the third quarter. LCM Capital Management Inc now owns 1,380 shares of the company's stock worth $400,000 after purchasing an additional 128 shares during the period. Finally, Hyperion Asset Management Ltd raised its position in shares of ARM by 36.9% during the third quarter. Hyperion Asset Management Ltd now owns 727,273 shares of the company's stock worth $210,662,000 after purchasing an additional 195,942 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ARM. Guggenheim reaffirmed a "buy" rating and set a $255.00 target price on shares of ARM in a report on Thursday, July 30th. Piper Sandler started coverage on ARM in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $320.00 price target on the stock. Susquehanna boosted their price objective on ARM from $300.00 to $320.00 and gave the stock a "positive" rating in a report on Tuesday, July 21st. Weiss Ratings restated a "hold (c)" rating on shares of ARM in a report on Thursday, October 15th. Finally, UBS Group reduced their price objective on shares of ARM from $360.00 to $320.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $303.32.

ARM Trading Up 2.5%

Shares of NASDAQ ARM opened at $226.59 on Thursday. Arm Holdings PLC Sponsored ADR has a one year low of $100.02 and a one year high of $452.70. The firm has a market capitalization of $242.02 billion, a PE ratio of 240.28, a PEG ratio of 6.56 and a beta of 3.78. The business has a 50-day moving average price of $264.61 and a two-hundred day moving average price of $271.80.

ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%. The business's revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Research analysts anticipate that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current year.

Insider Activity at ARM

In related news, CFO Jason Child sold 10,400 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $300.00, for a total transaction of $3,120,000.00. Following the completion of the sale, the chief financial officer directly owned 153,442 shares in the company, valued at approximately $46,032,600. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

About ARM

Arm Holdings plc NASDAQ: ARM is a semiconductor and software design company that develops central processing unit (CPU) architectures and related intellectual property. Rather than manufacturing chips itself, Arm licenses its designs and instruction-set architectures to semiconductor companies and technology manufacturers, which incorporate them into their own products.

The company's offerings include CPU processor cores, graphics processing units through its Mali product family, system IP, development tools and software.

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