Tower View Wealth Management LLC boosted its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 40.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,569 shares of the company's stock after purchasing an additional 5,937 shares during the quarter. Tower View Wealth Management LLC's holdings in ARM were worth $2,197,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tufton Capital Management boosted its holdings in ARM by 1.5% in the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company's stock valued at $546,000 after purchasing an additional 65 shares in the last quarter. GeoWealth Management LLC lifted its stake 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 buying an additional 92 shares during the last quarter. Cibc World Markets Corp lifted its stake in ARM by 3.5% in the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock valued at $350,000 after buying an additional 96 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in ARM by 2.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock valued at $608,000 after buying an additional 96 shares during the last quarter. Finally, Viawealth LLC lifted its stake in ARM by 4.8% in the fourth quarter. Viawealth LLC now owns 2,200 shares of the company's stock valued at $271,000 after buying an additional 100 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have weighed in on ARM shares. Cfra Research upgraded ARM to a "hold" rating in a research note on Friday, March 21st. TD Cowen cut their price target on ARM from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Loop Capital cut their price target on ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Barclays cut their price target on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of ARM in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.76.
Get Our Latest Stock Analysis on ARM
ARM Stock Down 0.7%
Shares of ARM traded down $1.01 during mid-day trading on Friday, hitting $145.04. The stock had a trading volume of 3,793,348 shares, compared to its average volume of 6,375,564. The company has a market cap of $153.64 billion, a PE ratio of 193.39, a PEG ratio of 6.71 and a beta of 4.08. The company's fifty day simple moving average is $124.70 and its two-hundred day simple moving average is $130.93. ARM Holdings PLC Sponsored ADR 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. ARM had a return on equity of 17.97% and a net margin of 19.76%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The business's revenue for the quarter was up 33.7% compared to the same quarter last year. Equities analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.
ARM Company Profile
(
Free Report)
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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