Crossmark Global Holdings Inc. Takes Position in Arm Holdings plc (NASDAQ:ARM)

Crossmark Global Holdings Inc. bought a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,001 shares of the company’s stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ARM. KP Management LLC boosted its holdings in ARM by 28.6% during the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after buying an additional 10,000 shares in the last quarter. Willner & Heller LLC raised its holdings in ARM by 193.7% during the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after purchasing an additional 4,484 shares during the last quarter. Lazard Asset Management LLC boosted its position in ARM by 393.0% during the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock worth $3,154,000 after purchasing an additional 20,117 shares in the last quarter. United Advisor Group LLC acquired a new stake in ARM in the third quarter valued at $545,000. Finally, Mizuho Securities Co. Ltd. increased its position in shares of ARM by 156.3% in the second quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock valued at $3,011,000 after buying an additional 11,220 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on ARM shares. William Blair initiated coverage on shares of ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a report on Monday, July 29th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research note on Thursday, October 31st. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Thursday, August 8th. Finally, Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.95.

ARM Stock Down 5.6 %

Shares of NASDAQ:ARM opened at $128.73 on Friday. The company has a market capitalization of $134.89 billion, a price-to-earnings ratio of 213.08, a price-to-earnings-growth ratio of 6.75 and a beta of 5.40. The company has a 50 day moving average of $143.37 and a two-hundred day moving average of $139.10. Arm Holdings plc has a 52-week low of $53.47 and a 52-week high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings data 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 net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Arm Holdings plc will post 0.79 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.