B. Riley Wealth Advisors Inc. Grows Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

B. Riley Wealth Advisors Inc. grew its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,833 shares of the company’s stock after purchasing an additional 337 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in ARM were worth $683,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ARM. ORG Partners LLC purchased a new position in ARM during the third quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in shares of ARM during the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after acquiring an additional 117 shares during the period. RiverPark Advisors LLC boosted 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 acquiring an additional 77 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in ARM in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of research analyst reports. Loop Capital lifted their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Benchmark assumed coverage on ARM in a report on Monday, September 16th. They issued a “hold” rating on the stock. Wells Fargo & Company started coverage on ARM in a research note on Friday, November 22nd. They set an “overweight” rating and a $155.00 price target for the company. UBS Group started coverage on ARM in a research note on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, William Blair initiated coverage on shares of ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Trading Down 4.4 %

Shares of ARM opened at $136.56 on Thursday. The firm has a market cap of $143.09 billion, a price-to-earnings ratio of 227.60, a PEG ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a 52 week low of $65.11 and a 52 week high of $188.75. The stock has a 50 day moving average of $142.80 and a 200-day moving average of $143.88.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share 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 firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

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.