Focus Partners Wealth Boosts Position in Arm Holdings plc (NASDAQ:ARM)

Focus Partners Wealth increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,733 shares of the company's stock after purchasing an additional 3,095 shares during the quarter. Focus Partners Wealth's holdings in ARM were worth $8,406,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership lifted its stake in ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after buying an additional 860,716 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock valued at $107,774,000 after buying an additional 791,392 shares during the last quarter. Schroder Investment Management Group lifted its stake in ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after buying an additional 464,719 shares during the last quarter. Marshall Wace LLP purchased a new stake in ARM in the fourth quarter valued at approximately $51,901,000. Finally, Banque Transatlantique SA purchased a new stake in ARM in the fourth quarter valued at approximately $37,440,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARM. Morgan Stanley reduced their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Evercore ISI upped their price target on ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Bank of America cut their price target on ARM from $144.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Guggenheim cut their price target on ARM from $180.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, KGI Securities initiated coverage on ARM in a research note on Tuesday, April 15th. They set a "neutral" rating for the company. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.76.

ARM Stock Up 1.5%

Shares of NASDAQ:ARM opened at $126.68 on Wednesday. Arm Holdings plc has a 52-week low of $80.00 and a 52-week high of $188.75. The stock's fifty day simple moving average is $110.62 and its 200-day simple moving average is $131.86. The company has a market capitalization of $132.74 billion, a P/E ratio of 166.69, a P/E/G ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.94% and a net margin of 21.82%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $0.36 earnings per share. The business's revenue was up 33.7% on a year-over-year basis. On average, sell-side analysts anticipate that Arm Holdings plc will post 0.9 earnings per share 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.

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