Farther Finance Advisors LLC Boosts Stake in Arm Holdings plc (NASDAQ:ARM)

Farther Finance Advisors LLC raised its position in Arm Holdings plc (NASDAQ:ARM) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 417 shares of the company’s stock after buying an additional 131 shares during the period. Farther Finance Advisors LLC’s holdings in ARM were worth $60,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CacheTech Inc. increased its stake in ARM by 0.9% in the 3rd quarter. CacheTech Inc. now owns 23,219 shares of the company’s stock valued at $3,321,000 after buying an additional 208 shares during the last quarter. Americana Partners LLC increased its stake in ARM by 7.3% in the 3rd quarter. Americana Partners LLC now owns 7,752 shares of the company’s stock valued at $1,109,000 after buying an additional 527 shares during the last quarter. Pursue Wealth Partners LLC increased its stake in shares of ARM by 440.0% during the 3rd quarter. Pursue Wealth Partners LLC now owns 25,555 shares of the company’s stock worth $3,655,000 after purchasing an additional 20,823 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of ARM by 3.4% during the 3rd quarter. Focus Financial Network Inc. now owns 3,814 shares of the company’s stock worth $545,000 after purchasing an additional 125 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of ARM by 312.9% during the 3rd quarter. Stephens Inc. AR now owns 13,770 shares of the company’s stock worth $1,969,000 after purchasing an additional 10,435 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of NASDAQ:ARM opened at $135.09 on Thursday. The firm has a fifty day moving average price of $142.83 and a two-hundred day moving average price of $139.15. Arm Holdings plc has a one year low of $52.28 and a one year high of $188.75. The company has a market cap of $141.55 billion, a price-to-earnings ratio of 227.85, a PEG ratio of 6.39 and a beta of 5.40.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $810.03 million. During the same period last year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ARM. Deutsche Bank Aktiengesellschaft raised their price target on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley upgraded shares of ARM from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $107.00 to $190.00 in a research note on Friday, July 19th. Loop Capital raised their price target on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup raised their price target on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Daiwa Capital Markets upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.95.

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.