International Assets Investment Management LLC Buys Shares of 139,244 Arm Holdings plc (NASDAQ:ARM)

International Assets Investment Management LLC acquired a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 139,244 shares of the company's stock, valued at approximately $10,463,000.

Other large investors also recently bought and sold shares of the company. Centerpoint Advisors LLC acquired a new position in shares of ARM during the 3rd quarter worth about $32,000. Ancora Advisors LLC acquired a new position in shares of ARM during the 3rd quarter worth about $32,000. Bamco Inc. NY acquired a new stake in shares of ARM in the 3rd quarter valued at about $37,000. Westside Investment Management Inc. purchased a new position in ARM during the 3rd quarter worth approximately $43,000. Finally, Pacer Advisors Inc. purchased a new position in ARM during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARM shares. Susquehanna restated a "neutral" rating and set a $85.00 price target on shares of ARM in a research note on Thursday, April 4th. Mizuho raised their price target on ARM from $100.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Wells Fargo & Company lifted their target price on ARM from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 29th. The Goldman Sachs Group lifted their target price on ARM from $95.00 to $108.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Finally, New Street Research reiterated a "neutral" rating and issued a $110.00 target price on shares of ARM in a research note on Tuesday, February 27th. 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 has an average rating of "Hold" and a consensus price target of 92.08.

ARM Stock Performance

ARM stock traded up 5.28 during mid-day trading on Monday, hitting 106.98. 7,396,100 shares of the company were exchanged, compared to its average volume of 13,963,859. The business's 50 day simple moving average is 121.56 and its two-hundred day simple moving average is 90.46. 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 released its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, topping the consensus estimate of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to analysts' expectations of 762.50 million. ARM's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts anticipate that Arm Holdings plc will post 0.36 EPS for the current fiscal 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.