290 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Larson Financial Group LLC

Larson Financial Group LLC acquired a new position in Arm Holdings plc (NASDAQ:ARM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 290 shares of the company’s stock, valued at approximately $47,000.

A number of other hedge funds have also made changes to their positions in ARM. Schroder Investment Management Group purchased a new stake in shares of ARM during the fourth quarter worth approximately $480,194,000. Mubadala Investment Co PJSC acquired a new stake in shares of ARM in the fourth quarter valued at about $150,437,000. Wellington Management Group LLP lifted its stake in shares of ARM by 56.4% in the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock worth $335,802,000 after buying an additional 1,611,926 shares in the last quarter. Robeco Schweiz AG boosted its position in ARM by 220.3% during the fourth quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after acquiring an additional 1,465,000 shares during the last quarter. Finally, Capstone Investment Advisors LLC grew its stake in ARM by 362.6% during the 4th quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock valued at $67,781,000 after acquiring an additional 707,000 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

ARM has been the topic of several recent research reports. Loop Capital boosted their target price on ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. The Goldman Sachs Group upped their target price on ARM from $110.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Guggenheim lifted their price target on ARM from $110.00 to $169.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $121.56.

ARM Stock Down 4.7 %

ARM stock opened at $117.29 on Monday. Arm Holdings plc has a 52-week low of $46.50 and a 52-week high of $188.75. The firm has a market cap of $122.90 billion and a PE ratio of 131.64. The company’s 50 day moving average is $143.06 and its two-hundred day moving average is $132.81.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The business had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $905.53 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 39.1% compared to the same quarter last year. On average, equities research analysts anticipate that Arm Holdings plc will post 0.82 earnings per share 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.