Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its stake in Arm Holdings plc (NASDAQ:ARM) by 4.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 60,614 shares of the company’s stock after acquiring an additional 2,417 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in ARM were worth $8,668,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARM. International Assets Investment Management LLC raised its holdings in shares of ARM by 14,351.1% during 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 acquiring an additional 806,676 shares during the last quarter. Sei Investments Co. lifted 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. lifted its holdings in ARM by 186.8% in the 3rd 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in ARM by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock worth $36,366,000 after purchasing an additional 14,584 shares during the last quarter. Finally, Mark Asset Management LP grew its holdings in shares of ARM by 14.2% during the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after buying an additional 29,686 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Trading Down 3.5 %

ARM stock opened at $135.09 on Thursday. The business’s fifty day moving average price is $142.83 and its 200 day moving average price is $139.15. Arm Holdings plc has a 12-month low of $52.28 and a 12-month high of $188.75. The company has a market capitalization of $141.55 billion, a PE ratio of 225.15, a P/E/G ratio of 6.39 and a beta of 5.40.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ARM. The Goldman Sachs Group raised their price target on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays raised their target price on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Susquehanna upped their price target on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Finally, Benchmark initiated coverage on ARM in a research note on Monday, September 16th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average price target of $147.95.

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.