Arm Holdings plc (NASDAQ:ARM) Holdings Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in Arm Holdings plc (NASDAQ:ARM) by 2.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,053 shares of the company’s stock after selling 1,040 shares during the period. Janney Montgomery Scott LLC’s holdings in ARM were worth $5,442,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ARM. International Assets Investment Management LLC raised its stake in shares of ARM by 14,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares in the last quarter. Sei Investments Co. raised its position in ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after acquiring 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 acquiring an additional 233,909 shares during the last quarter. Marsico Capital Management LLC bought a new position in shares of ARM during the 2nd quarter valued at about $33,207,000. Finally, ProShare Advisors LLC bought a new position in shares of ARM during the 2nd quarter valued at about $16,611,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ARM shares. Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Thursday, August 8th. Loop Capital increased their price objective on ARM from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their target price on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays upped their target price on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday. Finally, TD Cowen lifted their price target on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $145.57.

ARM Price Performance

Shares of ARM stock opened at $147.48 on Friday. The firm has a market cap of $154.53 billion, a price-to-earnings ratio of 245.80, a P/E/G ratio of 6.59 and a beta of 5.40. The stock has a 50-day simple moving average of $142.32 and a 200-day simple moving average of $138.01. Arm Holdings plc has a 52-week low of $49.82 and a 52-week high of $188.75.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 14.14%. The firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Arm Holdings plc will post 0.86 earnings per share 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.