Arm Holdings plc (NASDAQ:ARM) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its holdings in Arm Holdings plc (NASDAQ:ARM) by 5.1% during the third quarter, Holdings Channel reports. The firm owned 2,380 shares of the company’s stock after selling 127 shares during the period. Prime Capital Investment Advisors LLC’s holdings in ARM were worth $340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of ARM in the 3rd quarter valued at $29,000. Transcendent Capital Group LLC purchased a new stake in ARM during the second quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC boosted its holdings in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares during the period. RiverPark Advisors LLC increased its position in shares of ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after acquiring an additional 77 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of ARM in the 2nd quarter valued at approximately $41,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. TD Cowen lifted their price target on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $147.95.

ARM Stock Performance

ARM opened at $128.73 on Friday. The company has a market cap of $134.89 billion, a PE ratio of 214.55, a price-to-earnings-growth ratio of 6.75 and a beta of 5.40. The stock has a 50-day moving average of $143.60 and a 200-day moving average of $139.55. Arm Holdings plc has a 52-week low of $53.47 and a 52-week high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same quarter last year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

ARM 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.