Mercer Global Advisors Inc. ADV Invests $2.32 Million in Arm Holdings plc (NASDAQ:ARM)

Mercer Global Advisors Inc. ADV acquired a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,818 shares of the company's stock, valued at approximately $2,321,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 acquiring an additional 65 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares during the last quarter. Zullo Investment Group Inc. lifted 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 holdings in ARM by 53.8% during 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 during the last quarter. Finally, Cibc World Markets Corp increased its position in ARM by 3.5% during the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on ARM shares. Mizuho increased their price objective on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Citigroup cut their price objective on shares of ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday. Guggenheim decreased their target price on shares of ARM from $180.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday. 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 report on Thursday. Finally, Raymond James decreased their price objective on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Thursday. Two equities 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.67.

ARM Price Performance

NASDAQ ARM traded down $0.65 on Friday, reaching $115.87. The company had a trading volume of 5,356,356 shares, compared to its average volume of 7,095,969. Arm Holdings plc has a 1 year low of $80.00 and a 1 year high of $188.75. The firm has a 50-day moving average of $110.45 and a 200-day moving average of $132.09. The firm has a market capitalization of $121.41 billion, a PE ratio of 152.46, a P/E/G ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating 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 business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.36 EPS. The business's revenue was up 33.7% on a year-over-year basis. As a group, sell-side analysts expect that Arm Holdings plc will post 0.9 EPS for the current fiscal year.

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.