Atria Wealth Solutions Inc. Purchases Shares of 8,846 Arm Holdings plc (NASDAQ:ARM)

Atria Wealth Solutions Inc. acquired a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,846 shares of the company's stock, valued at approximately $665,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of ARM in the 3rd quarter worth about $170,000. Commonwealth Equity Services LLC bought a new position in ARM during the 3rd quarter valued at about $629,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ARM during the 3rd quarter valued at about $837,000. Bank of New York Mellon Corp bought a new stake in shares of ARM in the third quarter worth approximately $300,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of ARM during the third quarter valued at approximately $56,000. Institutional investors own 7.53% of the company's stock.

Analysts Set New Price Targets

ARM has been the topic of several research reports. BNP Paribas cut shares of ARM from an "outperform" rating to a "neutral" rating and set a $100.00 target price on the stock. in a report on Friday, April 19th. Evercore ISI assumed coverage on ARM in a report on Tuesday, April 16th. They issued an "outperform" rating and a $156.00 price objective for the company. TD Cowen upped their price objective on ARM from $80.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised their target price on ARM from $70.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company upped their target price on shares of ARM from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of 92.08.

ARM Stock Up 3.8 %

NASDAQ:ARM traded up 3.70 during midday trading on Friday, hitting 101.70. The stock had a trading volume of 5,780,100 shares, compared to its average volume of 8,928,009. The stock has a 50-day moving average of 122.35 and a 200 day moving average of 90.06. Arm Holdings plc has a one year low of 46.50 and a one year high of 164.00.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of 0.25 by 0.04. The firm had revenue of 824.00 million for the quarter, compared to the consensus estimate of 762.50 million. ARM's revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts predict that Arm Holdings plc will post 0.36 EPS for the current year.

ARM 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.