Simplicity Wealth LLC Buys Shares of 12,296 Arm Holdings plc (NASDAQ:ARM)

Simplicity Wealth LLC bought a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,296 shares of the company's stock, valued at approximately $1,313,000.

Other large investors have also modified their holdings of the company. Schroder Investment Management Group grew its stake 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. Artisan Partners Limited Partnership lifted its holdings in ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares during the last quarter. FMR LLC raised its holdings in ARM by 6.4% in the 4th quarter. FMR LLC now owns 2,199,197 shares of the company's stock valued at $271,293,000 after buying an additional 133,034 shares during the period. First Trust Advisors LP increased its holdings in ARM by 1.9% in the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock valued at $109,644,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after acquiring an additional 791,392 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Stock Down 0.7%

Shares of ARM stock traded down $0.93 on Thursday, hitting $139.45. 1,806,316 shares of the company traded hands, compared to its average volume of 6,709,250. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The company has a 50-day moving average price of $118.29 and a 200 day moving average price of $130.65. The company has a market cap of $147.71 billion, a PE ratio of 183.49, a PEG ratio of 6.33 and a beta of 4.08.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The business had revenue of $1.24 billion for 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 firm's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Equities research analysts anticipate that Arm Holdings plc will post 0.9 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on ARM shares. Needham & Company LLC restated a "hold" rating on shares of ARM in a report on Thursday, May 8th. Citigroup reduced their target price on shares of ARM from $200.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Raymond James cut their price target on ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. KeyCorp decreased their price target on ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Finally, TD Cowen decreased their price objective on shares of ARM from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $152.76.

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.