Warm Springs Advisors Inc. Purchases Shares of 15,005 Arm Holdings plc (NASDAQ:ARM)

Warm Springs Advisors Inc. purchased a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,005 shares of the company's stock, valued at approximately $1,851,000. ARM accounts for about 1.7% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds also recently modified their holdings of ARM. Tufton Capital Management grew its stake in ARM by 1.5% in the 4th quarter. Tufton Capital Management now owns 4,425 shares of the company's stock valued at $546,000 after buying an additional 65 shares in the last quarter. Valley National Advisers Inc. grew its stake in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after buying an additional 72 shares in the last quarter. Zullo Investment Group Inc. grew its stake in ARM by 4.6% in the 4th quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock valued at $236,000 after buying an additional 85 shares in the last quarter. GeoWealth Management LLC grew its stake in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after buying an additional 92 shares in the last quarter. Finally, Cibc World Markets Corp grew its stake in ARM by 3.5% in the 4th 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 in the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Price Performance

NASDAQ ARM traded up $1.58 during trading on Wednesday, hitting $135.54. 5,849,738 shares of the company's stock traded hands, compared to its average volume of 5,823,998. The stock has a fifty day moving average of $113.41 and a two-hundred day moving average of $130.81. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The firm has a market cap of $142.02 billion, a P/E ratio of 178.34, a PEG ratio of 6.33 and a beta of 4.39.

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

Analyst Ratings Changes

A number of research firms recently weighed in on ARM. UBS Group reduced their price objective on shares of ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Barclays reduced their price objective on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Loop Capital reduced their price objective on shares of ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. TD Cowen reduced their price objective on shares of ARM from $200.00 to $155.00 and set a "buy" 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 report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

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.