Empowered Funds LLC Boosts Holdings in Arm Holdings plc (NASDAQ:ARM)

Empowered Funds LLC increased its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 37.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,995 shares of the company’s stock after acquiring an additional 1,098 shares during the quarter. Empowered Funds LLC’s holdings in ARM were worth $571,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position 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 worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. increased its position in ARM by 551.6% during the second 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 during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 buying an additional 233,909 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of ARM by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock valued at $36,366,000 after acquiring an additional 14,584 shares during the period. Finally, Mark Asset Management LP grew its position 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 acquiring an additional 29,686 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARM shares. Raymond James started coverage on shares of ARM in a research note on Friday, September 13th. They set an “outperform” rating and a $160.00 price target for the company. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. HSBC downgraded ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Finally, Benchmark began coverage on ARM in a report on Monday, September 16th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $149.86.

ARM Price Performance

NASDAQ ARM opened at $135.99 on Monday. The business has a 50 day moving average price of $143.30 and a 200 day moving average price of $140.87. The company has a market capitalization of $142.50 billion, a P/E ratio of 226.65, a PEG ratio of 6.65 and a beta of 5.40. Arm Holdings plc has a 1-year low of $60.37 and a 1-year high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter last year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current fiscal 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.