Farther Finance Advisors LLC Has $60,000 Stock Position in Arm Holdings plc (NASDAQ:ARM)

Farther Finance Advisors LLC lifted its stake in Arm Holdings plc (NASDAQ:ARM) by 45.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 417 shares of the company’s stock after acquiring an additional 131 shares during the quarter. Farther Finance Advisors LLC’s holdings in ARM were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ARM. International Assets Investment Management LLC increased its position in ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares during the last quarter. Sei Investments Co. increased its position in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after buying an additional 233,909 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in ARM by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock worth $36,366,000 after buying an additional 14,584 shares during the last quarter. Finally, Mark Asset Management LP increased its position in ARM by 14.2% during the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after buying an additional 29,686 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

ARM has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of ARM in a report on Thursday, August 1st. William Blair initiated coverage on ARM in a report on Wednesday, September 18th. They set an “outperform” rating for the company. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a report on Thursday, October 31st. Barclays boosted their price objective on ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Loop Capital boosted their price target on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $147.95.

ARM Price Performance

ARM stock opened at $135.09 on Thursday. The stock has a market capitalization of $141.55 billion, a PE ratio of 227.85, a price-to-earnings-growth ratio of 6.39 and a beta of 5.40. The company’s 50-day moving average is $142.83 and its 200-day moving average is $139.15. Arm Holdings plc has a 1 year low of $52.28 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Arm Holdings plc will post 0.86 earnings per share for the current fiscal 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.