Harbour Capital Advisors LLC Increases Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Harbour Capital Advisors LLC raised its position in Arm Holdings plc (NASDAQ:ARM) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,135 shares of the company’s stock after acquiring an additional 565 shares during the quarter. Harbour Capital Advisors LLC’s holdings in ARM were worth $1,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARM. Hexagon Capital Partners LLC raised its position in ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after purchasing an additional 77 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after acquiring an additional 100 shares in the last quarter. Hobbs Group Advisors LLC lifted its stake in ARM by 7.4% in the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in ARM by 5.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after acquiring an additional 102 shares in the last quarter. Finally, Crescent Sterling Ltd. increased its position in shares of ARM by 6.5% in the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock valued at $232,000 after purchasing an additional 114 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

NASDAQ:ARM traded down $4.09 during trading hours on Monday, hitting $136.40. The company’s stock had a trading volume of 2,604,210 shares, compared to its average volume of 4,648,083. Arm Holdings plc has a 52-week low of $66.66 and a 52-week high of $188.75. The business’s 50-day moving average is $137.36 and its two-hundred day moving average is $141.75. The company has a market capitalization of $142.92 billion, a PE ratio of 227.34, a PEG ratio of 7.15 and a beta of 4.53.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. As a group, analysts predict that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ARM. TD Cowen boosted their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Loop Capital raised their target price on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays upped their price target on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Susquehanna raised their price objective on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average target price of $150.64.

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.