Dakota Wealth Management Purchases 9,120 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Dakota Wealth Management boosted its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 61.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,083 shares of the company's stock after purchasing an additional 9,120 shares during the period. Dakota Wealth Management's holdings in ARM were worth $2,572,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sigma Planning Corp increased its holdings in ARM by 7.3% in the 1st quarter. Sigma Planning Corp now owns 2,409 shares of the company's stock worth $257,000 after acquiring an additional 163 shares during the last quarter. Zullo Investment Group Inc. boosted its position in ARM by 12.5% during the first quarter. Zullo Investment Group Inc. now owns 2,154 shares of the company's stock worth $230,000 after purchasing an additional 239 shares during the period. CWM LLC increased its stake in shares of ARM by 8.1% in the first quarter. CWM LLC now owns 127,737 shares of the company's stock worth $13,641,000 after purchasing an additional 9,621 shares in the last quarter. Dock Street Asset Management Inc. raised its position in shares of ARM by 208.7% in the first quarter. Dock Street Asset Management Inc. now owns 151,321 shares of the company's stock valued at $16,160,000 after purchasing an additional 102,310 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in shares of ARM by 2.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the company's stock valued at $1,025,000 after buying an additional 200 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Trading Up 4.6%

NASDAQ:ARM traded up $6.79 during mid-day trading on Wednesday, reaching $153.90. The company's stock had a trading volume of 7,438,057 shares, compared to its average volume of 6,079,046. The stock has a market cap of $162.60 billion, a P/E ratio of 205.20, a PEG ratio of 6.75 and a beta of 4.19. The firm's fifty day moving average price is $140.04 and its two-hundred day moving average price is $132.81. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last announced 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. 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 in the previous year, the business earned $0.36 EPS. The company's quarterly revenue was up 33.7% compared to the same quarter last year. Analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARM. Rosenblatt Securities reduced their price objective on shares of ARM from $203.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Mizuho lifted their price target on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Cfra Research upgraded shares of ARM to a "hold" rating in a research report on Friday, March 21st. Loop Capital lowered their target price on shares of ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.87.

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.