Gilbert & Cook Inc. Purchases New Position in Arm Holdings plc (NASDAQ:ARM)

Gilbert & Cook Inc. purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,392 shares of the company’s stock, valued at approximately $295,000.

Several other large investors also recently made changes to their positions in ARM. International Assets Investment Management LLC raised its holdings in ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after acquiring an additional 233,909 shares during the period. Franklin Resources Inc. raised its stake in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares during the period. SG Americas Securities LLC acquired a new stake in shares of ARM during the 4th quarter worth about $22,705,000. Finally, Erste Asset Management GmbH acquired a new stake in ARM during the third quarter worth approximately $11,646,000. Institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. Susquehanna upped their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their price objective on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average price target of $152.09.

ARM Trading Up 3.8 %

ARM opened at $153.23 on Friday. The business’s fifty day simple moving average is $140.94 and its 200-day simple moving average is $140.06. Arm Holdings plc has a 12-month low of $69.32 and a 12-month high of $188.75. The company has a market capitalization of $160.56 billion, a price-to-earnings ratio of 255.39, a PEG ratio of 8.41 and a beta of 4.53.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, equities research analysts predict that Arm Holdings plc will post 0.84 EPS 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.