Regal Investment Advisors LLC Grows Position in Arm Holdings plc (NASDAQ:ARM)

Regal Investment Advisors LLC boosted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 123.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,411 shares of the company’s stock after purchasing an additional 5,204 shares during the period. Regal Investment Advisors LLC’s holdings in ARM were worth $1,540,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its holdings in shares of ARM by 36.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,840 shares of the company’s stock valued at $301,000 after acquiring an additional 490 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of ARM by 810.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 26,672 shares of the company’s stock worth $4,364,000 after acquiring an additional 23,741 shares during the period. NewEdge Advisors LLC increased its stake in shares of ARM by 54.1% in the second quarter. NewEdge Advisors LLC now owns 34,386 shares of the company’s stock worth $5,626,000 after acquiring an additional 12,078 shares during the period. Creative Planning increased its stake in shares of ARM by 438.5% in the second quarter. Creative Planning now owns 31,601 shares of the company’s stock worth $5,171,000 after acquiring an additional 25,733 shares during the period. Finally, Cim Investment Management Inc. acquired a new stake in shares of ARM in the second quarter worth $1,479,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ARM shares. William Blair started coverage on shares of ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, August 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. Guggenheim increased their price objective on shares of ARM from $110.00 to $169.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Benchmark started coverage on shares of ARM in a research report on Monday, September 16th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.96.

ARM Trading Down 1.8 %

Shares of NASDAQ:ARM opened at $143.01 on Tuesday. The firm has a 50 day simple moving average of $132.88 and a 200-day simple moving average of $133.37. Arm Holdings plc has a twelve month low of $46.50 and a twelve month high of $188.75. The company has a market capitalization of $149.85 billion and a PE ratio of 158.68.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. During the same quarter in the prior year, the firm earned $0.24 EPS. ARM’s revenue for the quarter was up 39.1% on a year-over-year basis. As a group, equities research analysts predict that Arm Holdings plc will post 0.86 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.