Westwood Holdings Group Inc. Sells 5,367 Shares of Arm Holdings plc (NASDAQ:ARM)

Westwood Holdings Group Inc. trimmed its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,912 shares of the company's stock after selling 5,367 shares during the period. Westwood Holdings Group Inc.'s holdings in ARM were worth $12,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ARM. Park Avenue Securities LLC boosted its holdings in shares of ARM by 29.1% in 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 during the period. HB Wealth Management LLC boosted its holdings in shares of ARM by 121.7% in the fourth quarter. HB Wealth Management LLC now owns 6,051 shares of the company's stock worth $747,000 after acquiring an additional 3,322 shares during the period. Diversify Advisory Services LLC bought a new position in shares of ARM in the fourth quarter worth $4,977,000. Atomi Financial Group Inc. purchased a new stake in shares of ARM in the fourth quarter worth $270,000. Finally, MCF Advisors LLC purchased a new stake in shares of ARM in the fourth quarter worth $83,000. 7.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARM has been the topic of a number of recent analyst reports. Raymond James lowered their price objective on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. 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. Citigroup lowered their price target on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Bank of America lowered their price target on ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Mizuho raised their price target on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two equities 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's stock. Based on data from MarketBeat.com, ARM has a consensus rating of "Moderate Buy" and an average target price of $152.76.

ARM Price Performance

NASDAQ:ARM traded down $2.10 during mid-day trading on Friday, reaching $127.18. 2,960,839 shares of the company's stock traded hands, compared to its average volume of 6,960,904. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The firm has a market capitalization of $133.26 billion, a price-to-earnings ratio of 167.34, a PEG ratio of 6.33 and a beta of 4.39. The company has a 50 day moving average price of $112.93 and a 200-day moving average price of $131.06.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results 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 11.94% and a net margin of 21.82%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.36 EPS. ARM's revenue was up 33.7% compared to the same quarter last year. As a group, analysts forecast that Arm Holdings plc will post 0.9 EPS for the current year.

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.