Atria Wealth Solutions Inc. Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Atria Wealth Solutions Inc. acquired a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,846 shares of the company’s stock, valued at approximately $665,000.

A number of other large investors also recently added to or reduced their stakes in ARM. Centerpoint Advisors LLC purchased a new stake in shares of ARM during the third quarter worth $32,000. Ancora Advisors LLC acquired a new stake in ARM in the 3rd quarter valued at about $32,000. Bamco Inc. NY purchased a new position in ARM in the 3rd quarter worth approximately $37,000. Westside Investment Management Inc. acquired a new position in shares of ARM during the 3rd quarter worth approximately $43,000. Finally, Bfsg LLC purchased a new stake in shares of ARM in the fourth quarter valued at approximately $53,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Up 3.8 %

ARM stock opened at 101.70 on Friday. Arm Holdings plc has a 1 year low of 46.50 and a 1 year high of 164.00. The business’s 50-day moving average is 122.35 and its two-hundred day moving average is 89.53.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, beating the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to analyst estimates of 762.50 million. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities research analysts predict that Arm Holdings plc will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

ARM has been the topic of a number of recent research reports. KeyCorp boosted their price objective on ARM from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Susquehanna reissued a “neutral” rating and issued a $85.00 price objective on shares of ARM in a report on Thursday, April 4th. Daiwa Capital Markets downgraded shares of ARM from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $63.00 to $130.00 in a research note on Friday, February 16th. Evercore ISI assumed coverage on shares of ARM in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $156.00 price target for the company. Finally, The Goldman Sachs Group lifted their price target on shares of ARM from $95.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, ARM presently has a consensus rating of “Hold” and a consensus price target of 92.08.

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.