Arm Holdings plc (NASDAQ:ARM) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 74.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,232 shares of the company’s stock after selling 23,779 shares during the quarter. Westwood Holdings Group Inc.’s holdings in ARM were worth $1,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ARM. Naples Money Management LLC boosted its holdings in ARM by 47.8% in the 1st quarter. Naples Money Management LLC now owns 340 shares of the company’s stock worth $42,000 after buying an additional 110 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in shares of ARM by 2.9% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company’s stock valued at $645,000 after acquiring an additional 145 shares in the last quarter. JTC Employer Solutions Trustee Ltd boosted its stake in shares of ARM by 14.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 1,550 shares of the company’s stock worth $195,000 after acquiring an additional 200 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of ARM during the first quarter worth approximately $25,000. Finally, SOA Wealth Advisors LLC. acquired a new position in ARM in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Down 0.1 %

NASDAQ:ARM traded down 0.14 during mid-day trading on Friday, hitting 149.00. The stock had a trading volume of 8,156,100 shares, compared to its average volume of 8,438,186. Arm Holdings plc has a twelve month low of 46.50 and a twelve month high of 188.75. The stock has a 50-day simple moving average of 152.00 and a two-hundred day simple moving average of 124.60.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, May 8th. The company reported 0.36 EPS for the quarter, topping analysts’ consensus estimates of 0.30 by 0.06. The firm had revenue of 928.00 million during the quarter, compared to the consensus estimate of 865.94 million. ARM had a net margin of 9.46% and a return on equity of 16.94%. The company’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. As a group, equities research analysts predict that Arm Holdings plc will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of ARM from $110.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, May 9th. Sanford C. Bernstein boosted their price objective on ARM from $72.00 to $92.00 and gave the stock an “underperform” rating in a research note on Thursday, May 16th. Guggenheim upped their target price on ARM from $110.00 to $169.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Wells Fargo & Company lifted their price target on ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and an average target price of 109.08.

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.