1,465 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,465 shares of the company’s stock, valued at approximately $181,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares during the period. Sei Investments Co. boosted its position in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after acquiring an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after acquiring an additional 233,909 shares during the period. Franklin Resources Inc. raised its position in shares of ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after acquiring an additional 228,467 shares in the last quarter. Finally, Marsico Capital Management LLC purchased a new position in shares of ARM in the 2nd quarter valued at approximately $33,207,000. Institutional investors own 7.53% of the company’s stock.

ARM Trading Up 0.6 %

NASDAQ:ARM opened at $145.20 on Thursday. The company has a market cap of $152.15 billion, a PE ratio of 242.00, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Research analysts forecast that Arm Holdings plc will post 0.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARM has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. 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. William Blair started coverage on shares of ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. TD Cowen upped their price objective on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC reiterated 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 issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average price target of $150.32.

ARM Company 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.