Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 79.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,338 shares of the company’s stock after purchasing an additional 1,035 shares during the period. Apollon Wealth Management LLC’s holdings in ARM were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. United Capital Management of KS Inc. increased its stake in shares of ARM by 2.4% during the third quarter. United Capital Management of KS Inc. now owns 88,340 shares of the company’s stock worth $12,634,000 after purchasing an additional 2,039 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in ARM during the 3rd quarter valued at about $572,000. Sigma Planning Corp grew its stake in ARM by 878.8% during the 3rd quarter. Sigma Planning Corp now owns 17,001 shares of the company’s stock valued at $2,431,000 after acquiring an additional 15,264 shares in the last quarter. Lindbrook Capital LLC grew its stake in ARM by 1,095.6% during the 3rd quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock valued at $272,000 after acquiring an additional 1,742 shares in the last quarter. Finally, SpiderRock Advisors LLC grew its stake in ARM by 1.2% during the 3rd quarter. SpiderRock Advisors LLC now owns 11,238 shares of the company’s stock valued at $1,607,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Down 5.6 %

ARM stock opened at $128.73 on Monday. The firm has a market cap of $134.89 billion, a PE ratio of 214.55, a price-to-earnings-growth ratio of 6.43 and a beta of 5.40. Arm Holdings plc has a 52-week low of $53.47 and a 52-week high of $188.75. The company’s 50 day moving average is $143.60 and its two-hundred day moving average is $139.86.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating 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 company had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period in the prior year, the firm posted $0.36 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. TD Cowen boosted their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a report on Thursday, October 31st. Finally, Loop Capital boosted their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.95.

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.