Stifel Financial Corp Has $5.89 Million Stock Position in Arm Holdings plc (NASDAQ:ARM)

Stifel Financial Corp raised its position in Arm Holdings plc (NASDAQ:ARM) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,170 shares of the company’s stock after buying an additional 4,094 shares during the period. Stifel Financial Corp’s holdings in ARM were worth $5,888,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in shares of ARM during the third quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in ARM during the 2nd quarter worth about $33,000. Gilliland Jeter Wealth Management LLC grew its holdings in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after acquiring an additional 117 shares during the last quarter. RiverPark Advisors LLC increased its position in ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of ARM in the second quarter worth about $47,000. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of ARM stock opened at $151.91 on Friday. The company has a market capitalization of $159.18 billion, a P/E ratio of 253.18, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a 52 week low of $65.11 and a 52 week high of $188.75. The company’s 50 day moving average price is $142.98 and its two-hundred day moving average price is $143.45.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for 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 firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. Analysts forecast that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research note on Thursday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Wells Fargo & Company began coverage on ARM in a research report on Friday, November 22nd. They set an “overweight” rating and a $155.00 target price for the company. Susquehanna raised their price target on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Evercore ISI boosted their price objective on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average target price of $150.32.

ARM 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.