Vega Investment Solutions Buys New Position in Arm Holdings plc (NASDAQ:ARM)

Vega Investment Solutions bought a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,320 shares of the company's stock, valued at approximately $780,000.

Several other large investors also recently added to or reduced their stakes in the business. GeoWealth Management LLC lifted its holdings in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Co SC purchased a new position in ARM during the fourth quarter valued at approximately $40,000. Berbice Capital Management LLC purchased a new position in ARM during the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. lifted its holdings in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after purchasing an additional 72 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in ARM during the fourth quarter valued at approximately $83,000. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Down 0.9%

ARM stock opened at $129.28 on Friday. The firm's fifty day simple moving average is $112.78 and its two-hundred day simple moving average is $131.25. The stock has a market capitalization of $135.46 billion, a price-to-earnings ratio of 170.11, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Guggenheim lowered their target price on shares of ARM from $180.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group lowered their target price on shares of ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley lowered their target price on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Citigroup lowered their target price on shares of ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Jefferies Financial Group boosted their target price on shares of ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.

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