Atomi Financial Group Inc. Invests $270,000 in Arm Holdings plc (NASDAQ:ARM)

Atomi Financial Group Inc. acquired a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,185 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC acquired a new stake in shares of ARM in the 3rd quarter worth about $29,000. Gilliland Jeter Wealth Management LLC increased 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 buying an additional 117 shares during the last quarter. Quantbot Technologies LP purchased a new stake in ARM in the 3rd quarter valued at about $52,000. Farther Finance Advisors LLC increased its stake in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares during the last quarter. Finally, First Community Trust NA purchased a new stake in ARM in the 3rd quarter valued at about $70,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Down 2.4 %

Shares of NASDAQ:ARM opened at $162.52 on Monday. The company’s fifty day moving average is $140.00 and its 200 day moving average is $140.74. Arm Holdings plc has a 52 week low of $69.32 and a 52 week high of $188.75. The stock has a market cap of $170.29 billion, a PE ratio of 270.87, a PEG ratio of 8.41 and a beta of 4.53.

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, beating 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 firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Arm Holdings plc will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ARM shares. Wells Fargo & Company increased their price objective on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Susquehanna raised their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Evercore ISI raised their price target on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, TD Cowen raised their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.09.

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.