Centaurus Financial Inc. Has $911,000 Stake in Arm Holdings plc (NASDAQ:ARM)

Centaurus Financial Inc. lifted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 77.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,384 shares of the company's stock after buying an additional 3,222 shares during the period. Centaurus Financial Inc.'s holdings in ARM were worth $911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its position in ARM by 2.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock valued at $608,000 after purchasing an additional 96 shares during the last quarter. Toronto Dominion Bank boosted its position in ARM by 119.1% during the fourth quarter. Toronto Dominion Bank now owns 3,893 shares of the company's stock valued at $480,000 after purchasing an additional 2,116 shares during the last quarter. Warm Springs Advisors Inc. acquired a new position in ARM during the fourth quarter valued at approximately $1,851,000. GF Fund Management CO. LTD. acquired a new position in ARM during the fourth quarter valued at approximately $2,995,000. Finally, Public Employees Retirement System of Ohio acquired a new position in ARM during the fourth quarter valued at approximately $11,786,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. KeyCorp reduced their price target on ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Jefferies Financial Group raised their price objective on ARM from $170.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Barclays cut their price objective on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Guggenheim cut their price objective on ARM from $180.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ARM presently has an average rating of "Moderate Buy" and an average price target of $152.76.

ARM Price Performance

ARM stock traded up $2.72 during mid-day trading on Tuesday, reaching $128.78. 3,440,701 shares of the company were exchanged, compared to its average volume of 6,852,565. The company has a fifty day simple moving average of $114.34 and a 200-day simple moving average of $130.53. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The firm has a market cap of $134.94 billion, a PE ratio of 169.45, a PEG ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The company's revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Sell-side analysts anticipate that Arm Holdings plc will post 0.9 earnings per share for the current 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.