Empirical Asset Management LLC Purchases 200 Shares of Arm Holdings plc (NASDAQ:ARM)

Empirical Asset Management LLC raised its position in Arm Holdings plc (NASDAQ:ARM) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,525 shares of the company’s stock after buying an additional 200 shares during the quarter. Empirical Asset Management LLC’s holdings in ARM were worth $1,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of ARM during the 4th quarter valued at approximately $2,320,000. Clarus Wealth Advisors bought a new stake in ARM during the 4th quarter valued at $732,000. Park Avenue Securities LLC lifted its position in shares of ARM by 29.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,590 shares of the company’s stock worth $443,000 after acquiring an additional 810 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of ARM by 6.9% in the fourth quarter. AdvisorNet Financial Inc now owns 2,578 shares of the company’s stock worth $318,000 after acquiring an additional 167 shares during the period. Finally, Parisi Gray Wealth Management grew its position in shares of ARM by 12.7% in the fourth quarter. Parisi Gray Wealth Management now owns 7,370 shares of the company’s stock valued at $909,000 after purchasing an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the subject of several analyst reports. Susquehanna raised their target price on ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, November 7th. 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 report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays raised their price target on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.09.

ARM Stock Performance

NASDAQ:ARM opened at $149.26 on Friday. Arm Holdings plc has a fifty-two week low of $69.32 and a fifty-two week high of $188.75. The firm has a market cap of $156.40 billion, a PE ratio of 248.77, a price-to-earnings-growth ratio of 6.57 and a beta of 4.53. The business has a 50 day moving average price of $137.37 and a 200-day moving average price of $141.39.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (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 company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Research analysts predict that Arm Holdings plc will post 0.84 EPS for the current 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.