Janney Montgomery Scott LLC Buys 4,742 Shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Janney Montgomery Scott LLC raised its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 17.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,577 shares of the company's stock after acquiring an additional 4,742 shares during the quarter. Janney Montgomery Scott LLC's holdings in ARM were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARM. GeoWealth Management LLC raised its holdings in shares of ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of ARM during the fourth quarter worth $40,000. Farther Finance Advisors LLC boosted its stake in shares of ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after purchasing an additional 453 shares during the period. West Branch Capital LLC bought a new position in shares of ARM in the first quarter worth about $107,000. Finally, Harbour Investments Inc. grew its holdings in shares of ARM by 40.1% in the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company's stock worth $111,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of research analyst reports. KeyCorp decreased their price objective on shares of ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company lowered their price target on ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Barclays reduced their price objective on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Loop Capital lowered their target price on ARM from $195.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ARM has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

ARM Stock Performance

Shares of ARM stock opened at $149.33 on Tuesday. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The firm has a market capitalization of $158.18 billion, a price-to-earnings ratio of 199.11, a PEG ratio of 6.66 and a beta of 4.10. The stock's 50-day simple moving average is $125.58 and its 200-day simple moving average is $130.87.

ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. ARM had a net margin of 19.76% and a return on equity of 17.97%. ARM's revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, equities analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

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.

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