Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in Arm Holdings plc (NASDAQ:ARM) by 1,245.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,753 shares of the company’s stock after purchasing an additional 3,474 shares during the quarter. Cwm LLC’s holdings in ARM were worth $469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARM. Ancora Advisors LLC purchased a new stake in ARM in the 3rd quarter valued at $32,000. Bamco Inc. NY purchased a new stake in ARM in the 3rd quarter valued at $37,000. Westside Investment Management Inc. purchased a new stake in ARM in the 3rd quarter valued at $43,000. Northwest Financial Advisors purchased a new stake in ARM in the 4th quarter valued at $46,000. Finally, DSM Capital Partners LLC purchased a new stake in ARM in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ARM. Mizuho upped their price target on shares of ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. KeyCorp upped their price objective on shares of ARM from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. New Street Research restated a “neutral” rating and set a $110.00 price objective on shares of ARM in a research report on Tuesday, February 27th. Finally, Bank of America upped their price objective on shares of ARM from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, ARM has a consensus rating of “Hold” and a consensus target price of 99.48.

ARM Price Performance

Shares of NASDAQ ARM opened at 160.30 on Friday. Arm Holdings plc has a 52 week low of 46.50 and a 52 week high of 177.31. The company’s 50-day moving average price is 121.05 and its 200 day moving average price is 107.58.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, May 8th. The company reported 0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.30 by 0.06. ARM had a net margin of 9.46% and a return on equity of 16.94%. The company had revenue of 928.00 million for the quarter, compared to analysts’ expectations of 865.94 million. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. Equities research analysts forecast that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.

About ARM

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.