PFG Investments LLC bought a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,178 shares of the company's stock, valued at approximately $3,522,000.
Several other hedge funds and other institutional investors have also modified their holdings of ARM. Accel Wealth Management acquired a new position in shares of ARM in the 1st quarter valued at approximately $382,000. Kovack Advisors Inc. acquired a new position in shares of ARM in the 1st quarter valued at approximately $492,000. JTC Employer Solutions Trustee Ltd raised its position in shares of ARM by 14.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 1,550 shares of the company's stock valued at $195,000 after buying an additional 200 shares in the last quarter. State of Michigan Retirement System acquired a new position in shares of ARM in the 1st quarter valued at approximately $28,523,000. Finally, Claro Advisors LLC acquired a new position in shares of ARM in the 1st quarter valued at approximately $201,000. Institutional investors own 7.53% of the company's stock.
ARM Stock Performance
Shares of ARM stock traded up 4.02 on Friday, hitting 101.95. The stock had a trading volume of 5,651,600 shares, compared to its average volume of 8,715,785. The business has a 50 day moving average of 125.07 and a 200 day moving average of 88.13. Arm Holdings plc has a 12-month low of 46.50 and a 12-month high of 164.00.
ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, beating the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to analysts' expectations of 762.50 million. The company's quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Arm Holdings plc will post 0.36 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of ARM from $80.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Barclays upped their price objective on shares of ARM from $65.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Mizuho upped their price objective on shares of ARM from $100.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. The Goldman Sachs Group upped their price objective on shares of ARM from $95.00 to $108.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Finally, Rosenblatt Securities upped their price objective on shares of ARM from $140.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, ARM presently has an average rating of "Hold" and a consensus target price of 90.28.
Read Our Latest Report on ARM
About ARM
(
Free Report)
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.
See Also
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