Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 37.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,995 shares of the company’s stock after acquiring an additional 1,098 shares during the period. Empowered Funds LLC’s holdings in ARM were worth $571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in ARM during the third quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of ARM during the 2nd quarter valued at approximately $33,000. Gilliland Jeter Wealth Management LLC grew its stake in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after acquiring an additional 117 shares during the period. RiverPark Advisors LLC raised its position in ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after acquiring an additional 77 shares during the period. Finally, Mather Group LLC. acquired a new position in ARM during the second quarter worth $41,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM stock opened at $135.99 on Monday. Arm Holdings plc has a 1-year low of $60.37 and a 1-year high of $188.75. The firm has a market cap of $142.50 billion, a PE ratio of 226.65, a price-to-earnings-growth ratio of 6.65 and a beta of 5.40. The company has a 50-day moving average of $143.30 and a two-hundred day moving average of $140.87.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Sell-side analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Hsbc Global Res upgraded ARM to a “moderate sell” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $149.86.

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.