Warm Springs Advisors Inc. Buys New Stake in Arm Holdings plc (NASDAQ:ARM)

Warm Springs Advisors Inc. acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,005 shares of the company's stock, valued at approximately $1,851,000. ARM accounts for approximately 1.7% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 19th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of ARM. Park Avenue Securities LLC lifted its position in shares of ARM by 29.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,590 shares of the company's stock worth $443,000 after acquiring an additional 810 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in ARM during the fourth quarter valued at about $270,000. Veracity Capital LLC increased its holdings in shares of ARM by 15.7% in the fourth quarter. Veracity Capital LLC now owns 3,558 shares of the company's stock worth $439,000 after buying an additional 484 shares during the period. Berbice Capital Management LLC purchased a new position in shares of ARM in the fourth quarter worth about $49,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of ARM in the fourth quarter worth about $334,000. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

ARM stock traded up $6.78 during midday trading on Tuesday, reaching $133.96. The stock had a trading volume of 5,490,224 shares, compared to its average volume of 6,955,090. The firm's fifty day simple moving average is $113.11 and its two-hundred day simple moving average is $130.78. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The firm has a market cap of $140.37 billion, a price-to-earnings ratio of 176.27, a PEG ratio of 6.33 and a beta of 4.39.

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. ARM had a net margin of 21.82% and a return on equity of 11.94%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $0.36 EPS. The company's revenue was up 33.7% on a year-over-year basis. As a group, sell-side analysts predict that Arm Holdings plc will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

ARM has been the topic of several analyst reports. Barclays decreased their price objective on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Mizuho lifted their price objective on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their target price on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Finally, Morgan Stanley lowered their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.