Silver Oak Securities Incorporated Has $595,000 Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Silver Oak Securities Incorporated reduced its holdings in ARM Holdings PLC by 38.1%, leaving it with a total of 3,679 shares valued at $595,000.
• ARM Holdings posted quarterly earnings of $0.35 per share, slightly exceeding the consensus estimate of $0.34, while revenues increased by 12.1% year-over-year.
• Equities analysts have raised their target prices for ARM shares, with estimates now averaging $168.52, reflecting a consensus of a Moderate Buy rating on the stock.

Silver Oak Securities Incorporated reduced its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 38.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,679 shares of the company's stock after selling 2,262 shares during the quarter. Silver Oak Securities Incorporated's holdings in ARM were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. raised its position 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 purchasing an additional 96 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of 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 acquiring an additional 110 shares during the last quarter. Compound Planning Inc. raised its position in shares of 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 acquiring an additional 120 shares during the last quarter. IAM Advisory LLC raised its position in shares of ARM by 3.0% during the 2nd quarter. IAM Advisory LLC now owns 4,556 shares of the company's stock valued at $737,000 after acquiring an additional 134 shares during the last quarter. Finally, Convergence Financial LLC increased its position in shares of ARM by 2.0% in the 1st quarter. Convergence Financial LLC now owns 6,991 shares of the company's stock valued at $747,000 after buying an additional 136 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Stock Down 2.5%

NASDAQ ARM opened at $142.91 on Monday. The company's 50 day moving average is $145.30 and its 200-day moving average is $131.95. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The firm has a market cap of $150.99 billion, a P/E ratio of 216.53, a price-to-earnings-growth ratio of 9.55 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company's quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ARM shares. Evercore ISI upped their target price on shares of ARM from $173.00 to $178.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Wells Fargo & Company increased their price objective on shares of ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. BNP Paribas upgraded shares of ARM from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $110.00 to $210.00 in a research note on Wednesday, July 16th. Seaport Res Ptn upgraded shares of ARM to a "strong-buy" rating in a research note on Monday, August 11th. Finally, TD Cowen increased their price target on shares of ARM from $155.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $168.52.

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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