Paragon Capital Management Inc. Lowers Position in Arm Holdings plc (NASDAQ:ARM)

Paragon Capital Management Inc. lowered its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,545 shares of the company’s stock after selling 1,511 shares during the period. Paragon Capital Management Inc.’s holdings in ARM were worth $1,301,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ARM. Modus Advisors LLC grew its stake in ARM by 300.2% during the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock worth $2,212,000 after buying an additional 13,453 shares during the period. KP Management LLC lifted its holdings 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 in the last quarter. XTX Topco Ltd boosted its position in ARM by 150.1% during the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock worth $928,000 after purchasing an additional 3,893 shares during the period. Willner & Heller LLC increased its holdings in ARM by 193.7% in the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after purchasing an additional 4,484 shares in the last quarter. Finally, Avalon Global Asset Management LLC purchased a new position in ARM in the third quarter valued at about $8,581,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARM. TD Cowen increased their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped their price objective on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $152.09.

ARM Stock Up 4.2 %

Shares of ARM stock opened at $162.20 on Wednesday. The business has a 50 day moving average of $142.14 and a two-hundred day moving average of $139.58. The company has a market cap of $169.96 billion, a P/E ratio of 270.34, a PEG ratio of 7.46 and a beta of 4.56. Arm Holdings plc has a 52 week low of $71.60 and a 52 week 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, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. Analysts expect that Arm Holdings plc will post 0.84 EPS for the current fiscal 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.