B. Riley Wealth Advisors Inc. Purchases New Holdings in Arm Holdings plc (NASDAQ:ARM)

B. Riley Wealth Advisors Inc. bought a new position in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,158 shares of the company’s stock, valued at approximately $388,000.

Several other large investors have also bought and sold shares of ARM. Ancora Advisors LLC purchased a new position in ARM in the third quarter worth about $32,000. Bamco Inc. NY purchased a new position in shares of ARM during the third quarter valued at approximately $37,000. Westside Investment Management Inc. purchased a new position in shares of ARM during the third quarter valued at approximately $43,000. Northwest Financial Advisors purchased a new position in shares of ARM during the fourth quarter valued at approximately $46,000. Finally, DSM Capital Partners LLC purchased a new position in shares of ARM during the fourth quarter valued at approximately $50,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a report on Monday, May 6th. Bank of America boosted their price objective on shares of ARM from $150.00 to $180.00 and gave the company a “buy” rating in a report on Monday, June 17th. Wells Fargo & Company boosted their target price on shares of ARM from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. New Street Research restated a “neutral” rating and set a $110.00 target price on shares of ARM in a research report on Tuesday, February 27th. Finally, Evercore ISI cut 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. One 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. According to MarketBeat, ARM presently has an average rating of “Hold” and a consensus price target of 99.48.

ARM Stock Down 5.8 %

ARM stock opened at 151.07 on Tuesday. The firm’s fifty day moving average is 121.63 and its 200 day moving average is 108.84. Arm Holdings plc has a 52-week low of 46.50 and a 52-week high of 177.31.

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, beating analysts’ consensus estimates of 0.30 by 0.06. The company had revenue of 928.00 million for the quarter, compared to the consensus estimate of 865.94 million. ARM had a net margin of 9.46% and a return on equity of 16.94%. ARM’s revenue was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Equities research analysts expect that Arm Holdings plc will post 0.85 EPS for the current fiscal 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.