Atomi Financial Group Inc. Invests $270,000 in Arm Holdings plc (NASDAQ:ARM)

Atomi Financial Group Inc. bought a new position in Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, HoldingsChannel reports. The fund bought 2,185 shares of the company’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Diversify Advisory Services LLC purchased a new stake in ARM in the fourth quarter worth approximately $4,977,000. HB Wealth Management LLC boosted its holdings in ARM by 121.7% in the fourth quarter. HB Wealth Management LLC now owns 6,051 shares of the company’s stock worth $747,000 after purchasing an additional 3,322 shares during the last quarter. Westend Capital Management LLC boosted its holdings in ARM by 0.7% in the fourth quarter. Westend Capital Management LLC now owns 82,901 shares of the company’s stock worth $10,227,000 after purchasing an additional 572 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its holdings in ARM by 79.5% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 3,896 shares of the company’s stock worth $481,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Empirical Asset Management LLC boosted its holdings in ARM by 2.4% in the fourth quarter. Empirical Asset Management LLC now owns 8,525 shares of the company’s stock worth $1,052,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ARM has been the topic of several research reports. Loop Capital raised their target price on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Susquehanna increased their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. UBS Group started coverage on shares of ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.09.

ARM Stock Down 2.4 %

Shares of NASDAQ:ARM opened at $162.52 on Monday. Arm Holdings plc has a 52 week low of $69.32 and a 52 week high of $188.75. The stock has a market capitalization of $170.29 billion, a P/E ratio of 270.87, a PEG ratio of 8.41 and a beta of 4.53. The firm has a fifty day simple moving average of $140.00 and a two-hundred day simple moving average of $140.74.

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. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same period last year, the company posted $0.36 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Arm Holdings plc will post 0.84 earnings per share for the current 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.