Cerity Partners LLC Increases Stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Cerity Partners LLC boosted its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 19.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 14,671 shares of the company's stock after purchasing an additional 2,358 shares during the quarter. Cerity Partners LLC's holdings in ARM were worth $1,567,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TFC Financial Management Inc. lifted its stake in ARM by 163.4% during the 1st quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 165 shares during the period. GeoWealth Management LLC lifted its stake in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after acquiring an additional 92 shares during the period. Colonial Trust Co SC bought a new position in ARM during the 4th quarter valued at about $40,000. MorganRosel Wealth Management LLC bought a new position in ARM during the 1st quarter valued at about $53,000. Finally, Valley National Advisers Inc. lifted its stake in ARM by 24.5% during the 1st quarter. Valley National Advisers Inc. now owns 763 shares of the company's stock valued at $81,000 after acquiring an additional 150 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Trading Up 2.0%

NASDAQ ARM traded up $3.18 on Friday, reaching $163.17. 3,144,893 shares of the stock were exchanged, compared to its average volume of 4,651,463. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $182.88. The firm has a market capitalization of $172.39 billion, a PE ratio of 217.56, a PEG ratio of 9.23 and a beta of 4.19. The company's 50-day simple moving average is $144.61 and its two-hundred day simple moving average is $134.06.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data 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. ARM had a net margin of 19.76% and a return on equity of 17.97%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.36 EPS. The company's revenue was up 33.7% on a year-over-year basis. Sell-side analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on ARM. Needham & Company LLC restated a "hold" rating on shares of ARM in a research note on Thursday, May 8th. Rosenblatt Securities lowered their target price on shares of ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Bank of America lowered their target price on shares of ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. TD Cowen lowered their price objective on shares of ARM from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, UBS Group increased their price objective on shares of ARM from $155.00 to $185.00 and gave the stock a "buy" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ARM presently has a consensus rating of "Moderate Buy" and an average target price of $161.04.

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.