BNP Paribas Sells 2,051 Shares of Arm Holdings plc (NASDAQ:ARM)

BNP Paribas lessened its stake in Arm Holdings plc (NASDAQ:ARM) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,783 shares of the company’s stock after selling 2,051 shares during the quarter. BNP Paribas’ holdings in ARM were worth $1,828,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ARM. ORG Partners LLC acquired a new stake in ARM in the 3rd quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new stake in shares of ARM in the second quarter valued at approximately $33,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. RiverPark Advisors LLC lifted its position in shares of ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in ARM during the second quarter worth $41,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM opened at $136.72 on Wednesday. The company has a market capitalization of $143.26 billion, a PE ratio of 227.87, a price-to-earnings-growth ratio of 6.97 and a beta of 5.40. The business has a fifty day simple moving average of $143.32 and a 200 day simple moving average of $141.32. Arm Holdings plc has a 1 year low of $60.37 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating 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 the consensus estimate of $810.03 million. During the same period in the prior year, the company posted $0.36 earnings per share. ARM’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Loop Capital boosted their price target on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays lifted their target price on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. William Blair started coverage on ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of ARM in a research report on Thursday, August 1st. Finally, UBS Group initiated coverage on ARM in a report on Monday. They issued a “buy” rating and a $160.00 price objective for the company. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.32.

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.