Fisher Asset Management LLC lifted its position in shares of Arm Holdings plc (NASDAQ:ARM – Free Report) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,657 shares of the company’s stock after acquiring an additional 229 shares during the quarter. Fisher Asset Management LLC’s holdings in ARM were worth $237,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ARM. Transcendent Capital Group LLC acquired a new stake in ARM in the second quarter worth $33,000. ORG Partners LLC bought a new stake in shares of ARM in the 3rd quarter valued at $29,000. RiverPark Advisors LLC raised its stake in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after buying an additional 77 shares during the period. Mather Group LLC. bought a new position in ARM during the second quarter worth about $41,000. Finally, Gilliland Jeter Wealth Management LLC grew its stake in ARM by 83.0% in the third 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. Institutional investors own 7.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ARM shares. Evercore ISI raised their price target on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on shares of ARM in a research note on Monday, November 25th. They issued a “buy” rating and a $160.00 price target on the stock. William Blair assumed coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating for the company. Daiwa America upgraded shares of ARM from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Susquehanna upped their target price on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.32.
ARM Stock Up 0.7 %
Shares of NASDAQ:ARM opened at $134.29 on Monday. Arm Holdings plc has a 12-month low of $60.37 and a 12-month high of $188.75. The company’s 50 day moving average price is $142.98 and its two-hundred day moving average price is $141.70. The firm has a market cap of $140.71 billion, a PE ratio of 223.82, a PEG ratio of 6.71 and a beta of 5.40.
ARM (NASDAQ:ARM – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. On average, research analysts expect that Arm Holdings plc will post 0.79 EPS for the current year.
ARM Company 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.
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