25,300 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Paloma Partners Management Co

Paloma Partners Management Co purchased a new stake in Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, Holdings Channel reports. The firm purchased 25,300 shares of the company’s stock, valued at approximately $3,618,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Erste Asset Management GmbH acquired a new stake in shares of ARM in the third quarter worth approximately $11,646,000. Captrust Financial Advisors boosted its holdings in shares of ARM by 33.7% in the 3rd quarter. Captrust Financial Advisors now owns 3,817 shares of the company’s stock valued at $546,000 after purchasing an additional 963 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of ARM during the 3rd quarter valued at $2,768,000. Rockefeller Capital Management L.P. increased its holdings in shares of ARM by 18.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,354 shares of the company’s stock worth $2,196,000 after buying an additional 2,386 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ARM by 79.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,550 shares of the company’s stock worth $937,000 after buying an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Up 0.7 %

NASDAQ ARM opened at $134.29 on Monday. Arm Holdings plc has a 1 year low of $60.37 and a 1 year high of $188.75. The company has a fifty day simple moving average of $142.98 and a 200 day simple moving average of $141.70. The company has a market cap of $140.71 billion, a P/E ratio of 223.82, a P/E/G ratio of 6.71 and a beta of 5.40.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. Equities research analysts forecast that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARM. Barclays boosted their price target on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. William Blair initiated coverage on shares of ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. UBS Group began coverage on shares of ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on shares of ARM in a research report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.