David J Yvars Group Cuts Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

David J Yvars Group lowered its stake in Arm Holdings plc (NASDAQ:ARM) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,445 shares of the company’s stock after selling 2,807 shares during the period. ARM makes up approximately 2.0% of David J Yvars Group’s holdings, making the stock its 17th largest holding. David J Yvars Group’s holdings in ARM were worth $3,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in ARM in the 2nd quarter worth $8,782,000. American Century Companies Inc. purchased a new stake in shares of ARM during the second quarter worth about $5,885,000. Envestnet Asset Management Inc. grew its stake in shares of ARM by 20.0% in the second quarter. Envestnet Asset Management Inc. now owns 37,902 shares of the company’s stock worth $6,202,000 after purchasing an additional 6,311 shares during the last quarter. Rathbones Group PLC increased its holdings in ARM by 59.8% during the 2nd quarter. Rathbones Group PLC now owns 12,330 shares of the company’s stock valued at $2,017,000 after purchasing an additional 4,614 shares during the period. Finally, STF Management LP bought a new position in ARM during the 2nd quarter valued at approximately $310,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Down 2.4 %

Shares of NASDAQ ARM opened at $137.07 on Tuesday. The firm’s 50-day moving average price is $137.35 and its 200-day moving average price is $141.54. Arm Holdings plc has a 52-week low of $66.66 and a 52-week high of $188.75. The company has a market cap of $143.63 billion, a PE ratio of 228.45, a PEG ratio of 7.15 and a beta of 4.53.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Benchmark assumed coverage on ARM in a research note on Monday, September 16th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a research note on Thursday, October 31st. 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, Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.