Capital Market Strategies LLC Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Capital Market Strategies LLC acquired a new position in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,624 shares of the company’s stock, valued at approximately $694,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARM. ORG Partners LLC purchased a new position in ARM during the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC lifted its position in 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 last quarter. Larson Financial Group LLC purchased a new position in shares of ARM during the 2nd quarter worth about $47,000. Alta Advisers Ltd purchased a new stake in shares of ARM in the second quarter worth approximately $49,000. Finally, Quantbot Technologies LP purchased a new stake in shares of ARM in the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Up 4.9 %

NASDAQ:ARM traded up $6.94 on Monday, reaching $148.02. 4,026,206 shares of the company’s stock were exchanged, compared to its average volume of 4,963,721. The firm has a market capitalization of $155.10 billion, a price-to-earnings ratio of 246.70, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a 52-week low of $66.66 and a 52-week high of $188.75. The business has a fifty day moving average of $137.80 and a 200-day moving average of $142.28.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping 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 firm had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same period in the previous year, the firm posted $0.36 EPS. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARM. JPMorgan Chase & Co. raised their price target on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI upped their target price on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Susquehanna raised their price target on shares of ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their target price on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.