B & T Capital Management DBA Alpha Capital Management Increases Holdings in Arm Holdings plc (NASDAQ:ARM)

B & T Capital Management DBA Alpha Capital Management boosted its position in Arm Holdings plc (NASDAQ:ARM) by 79.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,896 shares of the company’s stock after purchasing an additional 1,725 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in ARM were worth $481,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Empirical Asset Management LLC grew its position in ARM by 2.4% during the 4th quarter. Empirical Asset Management LLC now owns 8,525 shares of the company’s stock worth $1,052,000 after acquiring an additional 200 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in ARM during the 4th quarter valued at about $2,320,000. Clarus Wealth Advisors purchased a new stake in ARM in the fourth quarter worth $732,000. Park Avenue Securities LLC lifted its position in shares of ARM by 29.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,590 shares of the company’s stock worth $443,000 after purchasing an additional 810 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in ARM by 6.9% during the 4th quarter. AdvisorNet Financial Inc now owns 2,578 shares of the company’s stock valued at $318,000 after acquiring an additional 167 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ARM. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Sanford C. Bernstein cut 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. TD Cowen increased their price objective on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Susquehanna boosted their target price on ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Loop Capital raised 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.09.

ARM Stock Up 1.2 %

NASDAQ ARM opened at $149.26 on Friday. Arm Holdings plc has a twelve month low of $69.32 and a twelve month high of $188.75. The business has a 50-day moving average price of $137.33 and a 200-day moving average price of $141.46. The firm has a market cap of $156.40 billion, a price-to-earnings ratio of 248.77, a price-to-earnings-growth ratio of 6.57 and a beta of 4.53.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 13.69% and a net margin of 18.13%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. Research analysts expect that Arm Holdings plc will post 0.84 EPS 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.