Franklin Street Advisors Inc. NC Has $13.43 Million Position in Arm Holdings plc (NASDAQ:ARM)

Franklin Street Advisors Inc. NC lowered its stake in Arm Holdings plc (NASDAQ:ARM) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 108,895 shares of the company’s stock after selling 263 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in ARM were worth $13,433,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ARM. Franklin Resources Inc. increased its stake in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares in the last quarter. International Assets Investment Management LLC grew its position in ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. lifted its position in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in ARM by 186.8% during 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 last quarter. Finally, Mark Asset Management LP lifted its stake in ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Down 4.2 %

Shares of ARM traded down $6.11 during mid-day trading on Friday, hitting $139.09. 1,557,412 shares of the company’s stock traded hands, compared to its average volume of 4,753,065. The business’s 50-day moving average price is $137.38 and its 200-day moving average price is $142.12. Arm Holdings plc has a 1 year low of $66.66 and a 1 year high of $188.75. The firm has a market capitalization of $145.74 billion, a P/E ratio of 231.82, a PEG ratio of 7.15 and a beta of 4.53.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on ARM shares. Loop Capital increased their price objective on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays increased their target price on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. William Blair began coverage on shares of ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company. Finally, Benchmark began coverage on shares of ARM in a report on Monday, September 16th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

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.