Alpha Cubed Investments LLC Has $376,000 Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Alpha Cubed Investments LLC lifted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,628 shares of the company’s stock after purchasing an additional 124 shares during the period. Alpha Cubed Investments LLC’s holdings in ARM were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of ARM by 216.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,338 shares of the company’s stock worth $1,153,000 after acquiring an additional 10,492 shares during the period. Fullerton Fund Management Co Ltd. acquired a new stake in ARM in the fourth quarter valued at about $20,039,000. Virtu Financial LLC bought a new position in ARM in the fourth quarter valued at about $1,284,000. Wellington Management Group LLP raised its stake in ARM by 56.4% during the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock worth $335,802,000 after acquiring an additional 1,611,926 shares in the last quarter. Finally, Mubadala Investment Co PJSC bought a new position in shares of ARM in the fourth quarter worth about $150,437,000. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARM has been the topic of several research reports. Loop Capital lifted their price target on shares of ARM from $120.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price target on shares of ARM in a report on Thursday, August 1st. Sanford C. Bernstein raised ARM from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $92.00 to $100.00 in a report on Wednesday, August 7th. Morgan Stanley raised ARM from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $107.00 to $190.00 in a report on Friday, July 19th. Finally, Bank of America lifted their price target on ARM from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus target price of $125.96.

ARM Stock Up 1.6 %

Shares of ARM stock opened at $143.60 on Wednesday. The firm has a 50 day moving average of $131.36 and a 200-day moving average of $133.70. The company has a market cap of $150.47 billion and a price-to-earnings ratio of 147.06. Arm Holdings plc has a 52 week low of $46.50 and a 52 week high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $905.53 million. During the same period last year, the company posted $0.24 earnings per share. The business’s quarterly revenue was up 39.1% on a year-over-year basis. Analysts anticipate that Arm Holdings plc will post 0.86 earnings per share for the current year.

About ARM

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.