Pacer Advisors Inc. Purchases 362 Shares of Arm Holdings plc (NASDAQ:ARM)

Pacer Advisors Inc. lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,532 shares of the company’s stock after purchasing an additional 362 shares during the quarter. Pacer Advisors Inc.’s holdings in ARM were worth $929,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. ORG Partners LLC purchased a new stake in shares of ARM in the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC increased its position in ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of ARM during the 4th quarter valued at approximately $49,000. Quantbot Technologies LP purchased a new position in shares of ARM during the 3rd quarter worth $52,000. Finally, Farther Finance Advisors LLC increased its position in shares of ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after acquiring an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $155.65 on Tuesday. The firm has a 50 day simple moving average of $141.82 and a 200 day simple moving average of $139.60. Arm Holdings plc has a 52 week low of $71.60 and a 52 week high of $188.75. The company has a market cap of $163.09 billion, a PE ratio of 259.42, a price-to-earnings-growth ratio of 7.46 and a beta of 4.56.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $810.03 million. During the same period in the prior year, the business posted $0.36 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that Arm Holdings plc will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ARM. Loop Capital raised their target price on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Evercore ISI increased 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. JPMorgan Chase & Co. increased their price target on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research note on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.