Kestra Advisory Services LLC Increases Stock Position in ARM Holdings PLC Sponsored ADR $ARM

Kestra Advisory Services LLC boosted its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 35.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,679 shares of the company's stock after purchasing an additional 2,541 shares during the quarter. Kestra Advisory Services LLC's holdings in ARM were worth $1,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ARM. B. Riley Wealth Advisors Inc. increased its stake in ARM by 2.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock worth $608,000 after buying an additional 96 shares during the period. Sunbelt Securities Inc. increased its position in ARM by 4.1% during the 4th quarter. Sunbelt Securities Inc. now owns 2,785 shares of the company's stock valued at $351,000 after purchasing an additional 110 shares during the period. Compound Planning Inc. increased its position in ARM by 5.5% during the 1st quarter. Compound Planning Inc. now owns 2,305 shares of the company's stock valued at $246,000 after purchasing an additional 120 shares during the period. Convergence Financial LLC increased its position in ARM by 2.0% during the 1st quarter. Convergence Financial LLC now owns 6,991 shares of the company's stock valued at $747,000 after purchasing an additional 136 shares during the period. Finally, AdvisorNet Financial Inc increased its position in ARM by 5.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,717 shares of the company's stock valued at $290,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Trading Up 2.3%

NASDAQ:ARM traded up $3.09 during trading hours on Friday, reaching $138.57. 2,002,591 shares of the company were exchanged, compared to its average volume of 5,326,050. The stock's 50-day moving average is $146.44 and its 200-day moving average is $131.14. The firm has a market cap of $146.40 billion, a PE ratio of 209.88, a price-to-earnings-growth ratio of 8.78 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

ARM has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of ARM from $150.00 to $194.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Benchmark reissued a "hold" rating on shares of ARM in a research report on Monday, June 9th. Barclays decreased their price objective on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. UBS Group decreased their target price on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, Raymond James Financial boosted their target price on shares of ARM from $140.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ARM presently has a consensus rating of "Moderate Buy" and an average price target of $169.67.

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.