Sei Investments Co. Purchases 490,415 Shares of Arm Holdings plc (NASDAQ:ARM)

Sei Investments Co. boosted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 551.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 579,330 shares of the company’s stock after buying an additional 490,415 shares during the period. Sei Investments Co. owned approximately 0.06% of ARM worth $94,790,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. RiverPark Advisors LLC raised its holdings in shares of ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after buying an additional 77 shares in the last quarter. BOKF NA raised its stake in ARM by 33.3% during the first quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after acquiring an additional 100 shares in the last quarter. Comerica Bank raised its stake in ARM by 6.1% during the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock worth $222,000 after acquiring an additional 103 shares in the last quarter. Naples Money Management LLC lifted its holdings in shares of ARM by 47.8% in the first quarter. Naples Money Management LLC now owns 340 shares of the company’s stock worth $42,000 after acquiring an additional 110 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of ARM by 2.9% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company’s stock valued at $645,000 after purchasing an additional 145 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of NASDAQ:ARM opened at $138.90 on Friday. Arm Holdings plc has a 1 year low of $46.50 and a 1 year high of $188.75. The business’s 50-day moving average is $135.56 and its 200-day moving average is $132.85. The company has a market capitalization of $145.54 billion and a price-to-earnings ratio of 145.57.

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

Wall Street Analysts Forecast Growth

ARM has been the subject of several research reports. Daiwa America raised shares of ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft increased their price target on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Sanford C. Bernstein upgraded ARM from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $92.00 to $100.00 in a research report on Wednesday, August 7th. Evercore ISI increased their target price on ARM from $145.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, TD Cowen raised ARM to a “strong-buy” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.96.

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.