Blair William & Co. IL Grows Holdings in Arm Holdings plc (NASDAQ:ARM)

Blair William & Co. IL lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 128.1% during the second quarter, Holdings Channel reports. The institutional investor owned 5,520 shares of the company’s stock after acquiring an additional 3,100 shares during the quarter. Blair William & Co. IL’s holdings in ARM were worth $903,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new position in ARM in the 1st quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in ARM in the 2nd quarter worth about $33,000. SOA Wealth Advisors LLC. bought a new position in ARM in the 1st quarter worth about $35,000. RiverPark Advisors LLC lifted its stake in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares during the period. Finally, Mather Group LLC. bought a new position in ARM during the 2nd quarter valued at about $41,000. Institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Citigroup upped their target price on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Raymond James assumed coverage on shares of ARM in a research note on Friday, September 13th. They set an “outperform” rating and a $160.00 target price on the stock. Guggenheim upped their target price on shares of ARM from $110.00 to $169.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Daiwa America upgraded shares of ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.96.

ARM Price Performance

ARM stock opened at $143.30 on Wednesday. The stock has a market cap of $150.15 billion and a P/E ratio of 145.57. Arm Holdings plc has a 1 year low of $46.50 and a 1 year high of $188.75. The firm’s 50 day moving average price is $134.84 and its 200-day moving average price is $132.83.

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

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.