Nepsis Inc. Acquires New Position in Arm Holdings plc (NASDAQ:ARM)

Nepsis Inc. acquired a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 85,987 shares of the company's stock, valued at approximately $9,183,000. ARM comprises 2.3% of Nepsis Inc.'s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also made changes to their positions in the business. GeoWealth Management LLC boosted its holdings in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of ARM during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC boosted its holdings in shares of ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after buying an additional 453 shares in the last quarter. Harbour Investments Inc. grew its position in shares of ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company's stock valued at $111,000 after buying an additional 258 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in ARM during the 4th quarter worth $123,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Trading Up 0.4%

NASDAQ:ARM traded up $0.54 on Wednesday, hitting $141.17. 1,962,979 shares of the stock were exchanged, compared to its average volume of 6,741,006. The stock has a market cap of $149.54 billion, a PE ratio of 185.73, a PEG ratio of 6.33 and a beta of 4.08. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The stock has a fifty day moving average of $117.24 and a 200-day moving average of $130.59.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.36 earnings per share. ARM's revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, analysts predict that Arm Holdings plc will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Barclays reduced their target price on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup decreased their target price on ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Two equities 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $152.76.

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.