Hollencrest Capital Management Lowers Holdings in Arm Holdings plc (NASDAQ:ARM)

Hollencrest Capital Management lowered its holdings in Arm Holdings plc (NASDAQ:ARM) by 83.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 432 shares of the company’s stock after selling 2,214 shares during the quarter. Hollencrest Capital Management’s holdings in ARM were worth $71,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ARM. Schroder Investment Management Group purchased a new stake in ARM in the fourth quarter valued at approximately $480,194,000. Wellington Management Group LLP boosted its holdings in ARM by 56.4% during the 4th quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock valued at $335,802,000 after acquiring an additional 1,611,926 shares during the period. Robeco Schweiz AG boosted its holdings in ARM by 220.3% during the 4th quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock valued at $160,059,000 after acquiring an additional 1,465,000 shares during the period. Mubadala Investment Co PJSC acquired a new position in ARM in the 4th quarter valued at about $150,437,000. Finally, Capstone Investment Advisors LLC increased its stake in ARM by 362.6% during the fourth quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock worth $67,781,000 after purchasing an additional 707,000 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

ARM has been the subject of a number of research reports. Guggenheim lifted their price objective on shares of ARM from $110.00 to $169.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. The Goldman Sachs Group boosted their target price on ARM from $110.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. William Blair started coverage on ARM in a research report on Wednesday. They issued an “outperform” rating on the stock. Evercore ISI boosted their price objective on ARM from $145.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Raymond James assumed coverage on shares of ARM in a report on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.96.

ARM Price Performance

ARM stock opened at $138.90 on Friday. The company has a market cap of $145.54 billion and a price-to-earnings ratio of 145.57. The company has a fifty day moving average price of $135.56 and a 200 day moving average price of $132.86. Arm Holdings plc has a 12 month low of $46.50 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $905.53 million. During the same period in the prior year, the company earned $0.24 earnings per share. The business’s revenue was up 39.1% compared to the same quarter last year. As a group, analysts anticipate that Arm Holdings plc will post 0.82 earnings per share for the current year.

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.