Diversify Advisory Services LLC Acquires New Holdings in Arm Holdings plc (NASDAQ:ARM)

Diversify Advisory Services LLC bought a new position in Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 40,344 shares of the company’s stock, valued at approximately $4,977,000.

Several other large investors have also recently bought and sold shares of the company. Modus Advisors LLC boosted its stake in ARM by 300.2% during the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after buying an additional 13,453 shares during the period. KP Management LLC boosted its position in shares of ARM by 28.6% during the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after acquiring an additional 10,000 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of ARM by 150.1% during the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock worth $928,000 after purchasing an additional 3,893 shares in the last quarter. Willner & Heller LLC increased its position in shares of ARM by 193.7% in the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Avalon Global Asset Management LLC purchased a new stake in ARM in the third quarter valued at approximately $8,581,000. 7.53% of the stock is owned by institutional investors.

ARM Stock Up 1.2 %

Shares of ARM stock opened at $149.26 on Monday. The business’s fifty day moving average is $137.37 and its 200 day moving average is $141.24. The stock has a market cap of $156.40 billion, a price-to-earnings ratio of 248.77, a PEG ratio of 6.57 and a beta of 4.53. Arm Holdings plc has a twelve month low of $69.32 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings data 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 net margin of 18.13% and a return on equity of 13.69%. The business had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. ARM’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group started coverage on shares of ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna increased 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. Two 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.09.

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.