Modus Advisors LLC Buys 13,453 Shares of Arm Holdings plc (NASDAQ:ARM)

Modus Advisors LLC raised its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 300.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,935 shares of the company's stock after acquiring an additional 13,453 shares during the quarter. Modus Advisors LLC's holdings in ARM were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC bought a new position in shares of ARM in the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock worth $37,000 after purchasing an additional 117 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of ARM in the second quarter worth approximately $47,000. Alta Advisers Ltd purchased a new stake in ARM in the second quarter valued at approximately $49,000. Finally, Quantbot Technologies LP bought a new stake in ARM during the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARM. Barclays increased their price target on shares of ARM from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of ARM in a research report on Friday, November 22nd. They set an "overweight" rating and a $155.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of ARM from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. TD Cowen upped their price objective on shares of ARM from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their target price on shares of ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ARM presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.32.

ARM Price Performance

ARM stock traded up $12.88 during trading on Friday, reaching $141.08. The company had a trading volume of 7,189,258 shares, compared to its average volume of 5,468,479. The business has a 50 day moving average of $137.85 and a 200 day moving average of $142.85. The company has a market cap of $147.83 billion, a P/E ratio of 235.14, a PEG ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a 52 week low of $66.52 and a 52 week high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analysts' expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Research analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current year.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.