Global Retirement Partners LLC Purchases 1,462 Shares of Arm Holdings plc (NASDAQ:ARM)

Global Retirement Partners LLC boosted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 72.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,478 shares of the company’s stock after acquiring an additional 1,462 shares during the period. Global Retirement Partners LLC’s holdings in ARM were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARM. RiverPark Advisors LLC raised its position in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after buying an additional 77 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of ARM by 14.0% during the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after buying an additional 77 shares during the last quarter. BOKF NA raised its position in shares of ARM by 33.3% during the first quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after buying an additional 100 shares during the last quarter. Comerica Bank raised its position in shares of ARM by 6.1% during the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after buying an additional 103 shares during the last quarter. Finally, Naples Money Management LLC raised its position in shares of ARM by 47.8% during the first 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 last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Trading Down 0.4 %

NASDAQ ARM opened at $152.35 on Tuesday. The company’s 50-day moving average price is $137.81 and its 200-day moving average price is $135.42. The stock has a market cap of $159.64 billion and a PE ratio of 390.65. Arm Holdings plc has a 12 month low of $46.50 and a 12 month 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 firm had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $905.53 million. During the same period in the prior year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. As a group, sell-side analysts forecast that Arm Holdings plc will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ARM. Raymond James began coverage on shares of ARM in a research report on Friday, September 13th. They set an “outperform” rating and a $160.00 price objective on the stock. Loop Capital boosted their price target on shares of ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. Benchmark began coverage on shares of ARM in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

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.