Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 141.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,013 shares of the company’s stock after buying an additional 7,033 shares during the quarter. Cerity Partners LLC’s holdings in ARM were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in ARM during the second quarter valued at about $33,000. ORG Partners LLC purchased a new stake in shares of ARM during the 3rd quarter worth about $29,000. RiverPark Advisors LLC grew 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 purchasing an additional 77 shares during the period. Mather Group LLC. acquired a new stake in ARM during the 2nd quarter worth approximately $41,000. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after buying an additional 117 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of NASDAQ:ARM opened at $140.34 on Tuesday. The company’s fifty day moving average is $142.98 and its two-hundred day moving average is $141.70. Arm Holdings plc has a 1-year low of $60.37 and a 1-year high of $188.75. The stock has a market capitalization of $147.05 billion, a price-to-earnings ratio of 233.90, a price-to-earnings-growth ratio of 6.71 and a beta of 5.40.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Sell-side analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of research reports. William Blair began coverage on shares of ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. The Goldman Sachs Group raised their price objective on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Benchmark began coverage on ARM in a research report on Monday, September 16th. They issued a “hold” rating for the company. Loop Capital raised their target price on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.