RFG Advisory LLC Invests $907,000 in Arm Holdings plc (NASDAQ:ARM)

RFG Advisory LLC purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,495 shares of the company's stock, valued at approximately $907,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ARM. Artisan Partners Limited Partnership raised its position in shares of ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after purchasing an additional 860,716 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in ARM by 4,506.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock valued at $107,774,000 after acquiring an additional 791,392 shares during the period. Schroder Investment Management Group increased its position in ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after acquiring an additional 464,719 shares during the period. Marshall Wace LLP acquired a new stake in ARM in the 4th quarter valued at approximately $51,901,000. Finally, Banque Transatlantique SA acquired a new stake in ARM in the 4th quarter valued at approximately $37,440,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Evercore ISI raised their target price on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Mizuho raised their target price on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays lowered their target price on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, KeyCorp lowered their target price on ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ARM currently has a consensus rating of "Moderate Buy" and an average price target of $152.76.

ARM Stock Down 0.6%

ARM opened at $129.55 on Friday. The firm has a market cap of $137.23 billion, a PE ratio of 170.46, a P/E/G ratio of 6.33 and a beta of 4.08. The business has a fifty day simple moving average of $115.25 and a 200-day simple moving average of $130.53. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The company's revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. On average, equities research analysts anticipate that Arm Holdings plc will post 0.9 EPS for the current fiscal year.

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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