International Assets Investment Management LLC Sells 806,406 Shares of Arm Holdings plc (NASDAQ:ARM)

International Assets Investment Management LLC lowered its stake in Arm Holdings plc (NASDAQ:ARM) by 99.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,891 shares of the company’s stock after selling 806,406 shares during the period. International Assets Investment Management LLC’s holdings in ARM were worth $755,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hexagon Capital Partners LLC increased its position in ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after purchasing an additional 77 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after acquiring an additional 100 shares during the last quarter. Hobbs Group Advisors LLC boosted its holdings in shares of ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after acquiring an additional 100 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after purchasing an additional 102 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its position in ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM stock opened at $145.20 on Friday. The firm has a market cap of $152.15 billion, a PE ratio of 242.00, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53. Arm Holdings plc has a 1-year low of $66.66 and a 1-year high of $188.75. The company has a 50-day moving average of $137.38 and a two-hundred day moving average of $142.12.

ARM (NASDAQ:ARM) last posted 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 company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same period last year, the firm earned $0.36 earnings per share. ARM’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James assumed coverage on shares of ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 target price on the stock. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Loop Capital lifted their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Evercore ISI upped their price objective on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.32.

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.