JBR Co Financial Management Inc Invests $319,000 in Arm Holdings plc (NASDAQ:ARM)

JBR Co Financial Management Inc acquired a new stake in Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,230 shares of the company’s stock, valued at approximately $319,000.

A number of other large investors have also added to or reduced their stakes in ARM. Mubadala Investment Co PJSC bought a new stake in shares of ARM in the 4th quarter valued at $150,437,000. Wellington Management Group LLP boosted its position in shares of ARM by 56.4% during the 4th quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock valued at $335,802,000 after purchasing an additional 1,611,926 shares in the last quarter. Sei Investments Co. grew its stake in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after purchasing an additional 490,415 shares during the period. State of Michigan Retirement System bought a new stake in ARM in the first quarter worth approximately $28,523,000. Finally, Marsico Capital Management LLC bought a new stake in ARM in the second quarter worth approximately $33,207,000. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

ARM has been the subject of several recent analyst reports. Guggenheim raised their price objective on shares of ARM from $110.00 to $169.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Benchmark initiated coverage on shares of ARM in a report on Monday, September 16th. They issued a “hold” rating for the company. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Finally, Loop Capital boosted their target price on ARM from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.91.

ARM Stock Performance

ARM stock traded up $2.13 during mid-day trading on Friday, reaching $151.46. The company’s stock had a trading volume of 3,399,021 shares, compared to its average volume of 11,374,876. The firm’s fifty day moving average price is $132.98 and its two-hundred day moving average price is $134.11. Arm Holdings plc has a 12-month low of $46.50 and a 12-month high of $188.75. The company has a market capitalization of $158.70 billion and a P/E ratio of 388.37.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. On average, research analysts predict that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

About ARM

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.