WealthTrust Asset Management LLC Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

WealthTrust Asset Management LLC bought a new stake in Arm Holdings plc (NASDAQ:ARM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,622 shares of the company’s stock, valued at approximately $1,083,000. ARM makes up approximately 0.8% of WealthTrust Asset Management LLC’s holdings, making the stock its 28th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Schroder Investment Management Group acquired a new stake in ARM in the 4th quarter valued at about $480,194,000. Mubadala Investment Co PJSC bought a new position in ARM in the 4th quarter worth approximately $150,437,000. Wellington Management Group LLP raised its position in ARM by 56.4% in the 4th quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock worth $335,802,000 after purchasing an additional 1,611,926 shares during the last quarter. Robeco Schweiz AG lifted its holdings in ARM by 220.3% during the 4th quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after buying an additional 1,465,000 shares in the last quarter. Finally, Capstone Investment Advisors LLC boosted its position in ARM by 362.6% in the 4th quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock valued at $67,781,000 after buying an additional 707,000 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup upped their price target on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Benchmark started coverage on shares of ARM in a research note on Monday. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, August 1st. William Blair began coverage on shares of ARM in a report on Wednesday. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein raised shares of ARM from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $92.00 to $100.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.96.

ARM Trading Up 1.6 %

ARM stock opened at $140.59 on Friday. The stock has a market cap of $147.32 billion and a PE ratio of 148.06. The stock has a 50-day moving average price of $136.41 and a two-hundred day moving average price of $132.85. Arm Holdings plc has a 1 year low of $46.50 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The firm’s revenue was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, analysts forecast that Arm Holdings plc will post 0.82 earnings per share 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.