Great Valley Advisor Group Inc. Boosts Holdings in Arm Holdings plc (NASDAQ:ARM)

Great Valley Advisor Group Inc. raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,963 shares of the company’s stock after buying an additional 102 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in ARM were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARM. BOKF NA grew its holdings in ARM by 33.3% in the 1st quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after buying an additional 100 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in ARM by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock valued at $36,366,000 after buying an additional 14,584 shares during the period. Tidal Investments LLC grew its holdings in ARM by 203.5% in the 1st quarter. Tidal Investments LLC now owns 16,649 shares of the company’s stock valued at $2,081,000 after buying an additional 11,163 shares during the period. Comerica Bank grew its holdings in ARM by 6.1% in the 1st quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after buying an additional 103 shares during the period. Finally, iA Global Asset Management Inc. grew its holdings in ARM by 28.2% in the 1st quarter. iA Global Asset Management Inc. now owns 13,944 shares of the company’s stock valued at $1,743,000 after buying an additional 3,069 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Down 2.5 %

Shares of ARM opened at $133.37 on Thursday. Arm Holdings plc has a 52-week low of $60.37 and a 52-week high of $188.75. The firm has a market cap of $139.75 billion, a price-to-earnings ratio of 222.29, a PEG ratio of 6.97 and a beta of 5.40. The business’s 50 day moving average is $143.22 and its two-hundred day moving average is $141.27.

ARM (NASDAQ:ARM) last issued its quarterly earnings results 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 return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period in the previous year, the business earned $0.36 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ARM shares. Deutsche Bank Aktiengesellschaft lifted their price objective on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Raymond James started coverage on ARM in a research note on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective on the stock. Susquehanna lifted their price objective on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, August 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.32.

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.