GAMMA Investing LLC Takes Position in Arm Holdings plc (NASDAQ:ARM)

GAMMA Investing LLC purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,465 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in shares of ARM during the third quarter worth $29,000. Gilliland Jeter Wealth Management LLC raised its stake in shares of ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the period. Alta Advisers Ltd purchased a new stake in ARM during the 2nd quarter worth about $49,000. Quantbot Technologies LP bought a new position in ARM in the 3rd quarter worth about $52,000. Finally, Farther Finance Advisors LLC grew its holdings in ARM by 45.8% during 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 in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Stock Up 0.6 %

NASDAQ ARM opened at $145.20 on Thursday. The firm has a market cap of $152.15 billion, a price-to-earnings ratio of 242.00, a PEG ratio of 7.15 and a beta of 4.53. The company has a 50-day simple moving average of $137.30 and a two-hundred day simple moving average of $142.09. Arm Holdings plc has a 12-month low of $66.66 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 the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same period last year, the company earned $0.36 EPS. ARM’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ARM shares. William Blair assumed coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Benchmark initiated coverage on shares of ARM in a report on Monday, September 16th. They issued a “hold” rating for the company. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a report on Thursday, October 31st. Finally, Susquehanna lifted their price objective on ARM from $115.00 to $118.00 and gave the company 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.32.

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.