International Assets Investment Management LLC Has $669,000 Position in Arm Holdings plc (NASDAQ:ARM)

International Assets Investment Management LLC reduced its holdings in Arm Holdings plc (NASDAQ:ARM) by 96.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,271 shares of the company’s stock after selling 133,973 shares during the period. International Assets Investment Management LLC’s holdings in ARM were worth $669,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ARM. HighTower Advisors LLC acquired a new stake in ARM in the third quarter worth $266,000. Deutsche Bank AG acquired a new stake in ARM in the third quarter worth $1,790,000. PNC Financial Services Group Inc. acquired a new stake in ARM in the third quarter worth $55,000. Hsbc Holdings PLC acquired a new stake in ARM in the third quarter worth $219,000. Finally, Federated Hermes Inc. acquired a new stake in ARM in the third quarter worth $16,116,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of NASDAQ ARM opened at 160.30 on Monday. 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 108.22.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, May 8th. The company reported 0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of 865.94 million. During the same quarter in the previous year, the company earned $0.02 EPS. ARM’s quarterly revenue was up 46.6% compared to the same quarter last year. On average, analysts predict that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ARM. Evercore ISI decreased their target price on shares of ARM from $156.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. The Goldman Sachs Group raised their target price on shares of ARM from $110.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of ARM in a research report on Monday, May 6th. Mizuho lifted their price objective 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of 99.48.

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.