Independent Solutions Wealth Management LLC Has $2.10 Million Holdings in Arm Holdings plc (NASDAQ:ARM)

Independent Solutions Wealth Management LLC lessened its position in shares of Arm Holdings plc (NASDAQ:ARM) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,672 shares of the company’s stock after selling 3,280 shares during the period. Independent Solutions Wealth Management LLC’s holdings in ARM were worth $2,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KP Management LLC lifted its position in shares of ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after purchasing an additional 10,000 shares in the last quarter. XTX Topco Ltd increased its stake in ARM by 150.1% in the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after buying an additional 3,893 shares during the last quarter. Willner & Heller LLC lifted its position in ARM by 193.7% during the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after buying an additional 4,484 shares in the last quarter. Avalon Global Asset Management LLC acquired a new position in shares of ARM during the 3rd quarter worth about $8,581,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after acquiring an additional 8,707 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARM. Evercore ISI upped their target price on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Benchmark began coverage on ARM in a research note on Monday, September 16th. They set a “hold” rating on the stock. William Blair initiated coverage on shares of ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating for the company. The Goldman Sachs Group upped their price target on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.32.

ARM Stock Performance

Shares of ARM stock traded down $3.26 on Thursday, reaching $133.30. 3,534,510 shares of the stock were exchanged, compared to its average volume of 10,213,920. The firm’s 50 day moving average is $142.80 and its 200-day moving average is $143.88. The firm has a market cap of $139.68 billion, a PE ratio of 222.17, a P/E/G ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a one year low of $65.11 and a one year high of $188.75.

ARM (NASDAQ:ARM) last issued its 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 firm 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 business posted $0.36 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal 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.