Arm Holdings plc (NASDAQ:ARM) Stock Holdings Lessened by Mutual Advisors LLC

Mutual Advisors LLC reduced its holdings in Arm Holdings plc (NASDAQ:ARM) by 24.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,379 shares of the company’s stock after selling 450 shares during the period. Mutual Advisors LLC’s holdings in ARM were worth $170,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ARM. Modus Advisors LLC lifted its position in ARM by 300.2% in the 4th quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after purchasing an additional 13,453 shares during the last quarter. KP Management LLC lifted its position in ARM by 28.6% in the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after purchasing an additional 10,000 shares during the last quarter. XTX Topco Ltd lifted its position in ARM by 150.1% in the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after purchasing an additional 3,893 shares during the last quarter. Willner & Heller LLC lifted its position in ARM by 193.7% in the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Avalon Global Asset Management LLC bought a new stake in ARM in the 3rd quarter valued at about $8,581,000. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

ARM stock opened at $147.60 on Thursday. The firm’s 50 day simple moving average is $140.66 and its 200-day simple moving average is $140.00. The company has a market cap of $154.66 billion, a P/E ratio of 246.00, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53. Arm Holdings plc has a fifty-two week low of $69.32 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, analysts expect that Arm Holdings plc will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Loop Capital raised their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI raised their target price on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays raised their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.