Concurrent Investment Advisors LLC Makes New Investment in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Concurrent Investment Advisors LLC acquired a new stake in ARM Holdings PLC, purchasing 4,886 shares valued at approximately $790,000 in the 2nd quarter of the year.
• Despite ARM's mixed earnings performance, with a reported EPS of $0.35 beating the consensus of $0.34, analysts maintain a generally positive outlook, with an average rating of "Moderate Buy".
• ARM Holdings has a market capitalization of $180.86 billion and is currently trading at around $171.19, showing a 12-month high of $182.88.

Concurrent Investment Advisors LLC purchased a new stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,886 shares of the company's stock, valued at approximately $790,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in ARM in the 2nd quarter valued at $540,000. Blue Trust Inc. increased its position in ARM by 23.2% during the second quarter. Blue Trust Inc. now owns 2,389 shares of the company's stock worth $386,000 after purchasing an additional 450 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its stake in ARM by 20.3% during the second quarter. Robertson Stephens Wealth Management LLC now owns 4,150 shares of the company's stock worth $671,000 after purchasing an additional 700 shares during the period. KRS Capital Management LLC acquired a new position in ARM in the 2nd quarter valued at about $236,000. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in shares of ARM in the 2nd quarter valued at approximately $392,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Trading Up 0.3%

ARM stock opened at $171.19 on Friday. The business's fifty day moving average price is $146.44 and its 200 day moving average price is $136.70. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The company has a market capitalization of $180.86 billion, a PE ratio of 259.38, a P/E/G ratio of 11.13 and a beta of 4.10.

ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.ARM's revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. Research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on ARM shares. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, July 31st. TD Cowen lifted their target price on ARM from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. UBS Group lowered their price target on ARM from $185.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Raymond James Financial raised their price objective on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Mizuho upped their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $167.43.

ARM 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.

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