Northwest Financial Advisors Takes Position in Arm Holdings plc (NASDAQ:ARM)

Northwest Financial Advisors bought a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,415 shares of the company's stock, valued at approximately $258,000.

Several other large investors also recently made changes to their positions in ARM. Bank of New York Mellon Corp boosted its stake in ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock valued at $12,990,000 after purchasing an additional 5,440 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of ARM by 0.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock worth $5,320,000 after buying an additional 353 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of ARM by 81.5% in the 4th quarter. Fisher Asset Management LLC now owns 3,008 shares of the company's stock worth $371,000 after buying an additional 1,351 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of ARM by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 108,531 shares of the company's stock worth $13,388,000 after buying an additional 848 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of ARM by 57.6% in the 4th quarter. Vontobel Holding Ltd. now owns 41,148 shares of the company's stock worth $5,076,000 after buying an additional 15,046 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Price Performance

NASDAQ:ARM opened at $129.55 on Friday. The company has a market cap of $137.23 billion, a P/E ratio of 170.46, a P/E/G ratio of 6.33 and a beta of 4.08. The stock's fifty day moving average price is $115.25 and its two-hundred day moving average price is $130.53. Arm Holdings plc has a 1 year low of $80.00 and a 1 year high of $188.75.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ARM shares. Jefferies Financial Group boosted their target price on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Evercore ISI boosted their target price on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Rosenblatt Securities cut their target price on ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Citigroup cut their target price on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Raymond James cut their target price on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.

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