Arm Holdings plc (NASDAQ:ARM) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in Arm Holdings plc (NASDAQ:ARM) by 29.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,835 shares of the company’s stock after selling 11,218 shares during the period. Janney Montgomery Scott LLC’s holdings in ARM were worth $3,310,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of ARM in the 3rd quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC raised its holdings 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 buying an additional 117 shares during the period. Quantbot Technologies LP acquired a new position in ARM during the third quarter valued at approximately $52,000. Farther Finance Advisors LLC grew its stake in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the period. Finally, Valley National Advisers Inc. increased its position in shares of ARM by 71.7% in the third quarter. Valley National Advisers Inc. now owns 541 shares of the company’s stock worth $77,000 after acquiring an additional 226 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of ARM opened at $159.55 on Friday. The stock has a market capitalization of $167.18 billion, a PE ratio of 265.92, a price-to-earnings-growth ratio of 6.90 and a beta of 4.53. The business’s fifty day moving average price is $141.35 and its 200 day moving average price is $140.15. Arm Holdings plc has a 12-month low of $69.32 and a 12-month high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings results 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 the consensus estimate of $810.03 million. During the same period last year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Evercore ISI boosted their price objective on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen increased their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price target on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.09.

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.