AE Wealth Management LLC Makes New $4.93 Million Investment in Arm Holdings plc (NASDAQ:ARM)

AE Wealth Management LLC bought a new position in Arm Holdings plc (NASDAQ:ARM) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 30,158 shares of the company’s stock, valued at approximately $4,934,000.

Several other institutional investors have also modified their holdings of the stock. RiverPark Advisors LLC lifted its holdings in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares during the last quarter. BOKF NA grew its holdings in shares of ARM by 33.3% during the 1st quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after purchasing an additional 100 shares during the period. Comerica Bank increased its position in shares of ARM by 6.1% during the 1st quarter. Comerica Bank now owns 1,780 shares of the company’s stock worth $222,000 after purchasing an additional 103 shares during the last quarter. Naples Money Management LLC raised its holdings in ARM by 47.8% in the 1st quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after buying an additional 110 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in ARM by 2.9% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company’s stock valued at $645,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ ARM opened at $138.90 on Friday. The stock’s 50-day simple moving average is $135.56 and its 200-day simple moving average is $132.85. The firm has a market capitalization of $145.54 billion and a PE ratio of 145.57. Arm Holdings plc has a fifty-two week low of $46.50 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share 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 the consensus estimate of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The company’s revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. On average, sell-side analysts forecast that Arm Holdings plc will post 0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of ARM from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $92.00 to $100.00 in a research note on Wednesday, August 7th. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. William Blair began coverage on ARM in a research report on Wednesday. They set an “outperform” rating for the company. Bank of America boosted their price objective on ARM from $150.00 to $180.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Rosenblatt Securities restated a “buy” rating and set a $180.00 target price on shares of ARM in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.96.

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.