Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its position in shares of Arm Holdings plc (NASDAQ:ARM) by 45.4% in the third quarter, HoldingsChannel reports. The firm owned 2,675 shares of the company’s stock after acquiring an additional 835 shares during the period. Sunbelt Securities Inc.’s holdings in ARM were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of ARM during the second quarter valued at approximately $33,000. ORG Partners LLC bought a new stake in ARM during the 3rd quarter valued at $29,000. RiverPark Advisors LLC grew its stake 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. Gilliland Jeter Wealth Management LLC increased its holdings in shares of ARM by 83.0% during 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 period. Finally, Oakworth Capital Inc. bought a new stake in shares of ARM during the second quarter valued at about $47,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Up 2.6 %

Shares of NASDAQ:ARM opened at $151.91 on Friday. The company’s fifty day moving average is $142.98 and its two-hundred day moving average is $143.32. The company has a market cap of $159.18 billion, a P/E ratio of 253.19, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a 12-month low of $65.11 and a 12-month high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly 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 return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same period in the previous year, the firm earned $0.36 earnings per share. ARM’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARM shares. Evercore ISI increased their target price on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Raymond James began coverage on shares of ARM in a report on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective for the company. Susquehanna boosted their target price on ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Benchmark began coverage on ARM in a research note on Monday, September 16th. They set a “hold” rating for the company. Finally, William Blair assumed coverage on ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Two equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.32.

ARM 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.