Arm Holdings plc (NASDAQ:ARM) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 16.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,420 shares of the company’s stock after purchasing an additional 345 shares during the quarter. Moors & Cabot Inc.’s holdings in ARM were worth $346,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares in the last quarter. Sei Investments Co. increased its holdings in ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after purchasing an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after purchasing an additional 233,909 shares during the period. Marsico Capital Management LLC acquired a new position in shares of ARM during the second quarter worth about $33,207,000. Finally, ProShare Advisors LLC purchased a new stake in shares of ARM in the second quarter worth about $16,611,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays boosted their price target on ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. TD Cowen upped their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. HSBC downgraded shares of ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Thursday, August 8th. Finally, William Blair assumed coverage on ARM in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and an average target price of $149.86.

ARM Trading Up 2.1 %

NASDAQ:ARM opened at $135.99 on Friday. The firm has a market capitalization of $142.49 billion, a PE ratio of 226.65, a price-to-earnings-growth ratio of 6.65 and a beta of 5.40. Arm Holdings plc has a 52 week low of $60.37 and a 52 week high of $188.75. The stock has a 50 day moving average of $143.30 and a 200-day moving average of $140.63.

ARM (NASDAQ:ARM) last issued 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 firm had revenue of $844.00 million for 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%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. As a group, analysts predict that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

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.