CacheTech Inc. Acquires 208 Shares of Arm Holdings plc (NASDAQ:ARM)

CacheTech Inc. raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,219 shares of the company’s stock after purchasing an additional 208 shares during the quarter. ARM accounts for approximately 0.7% of CacheTech Inc.’s investment portfolio, making the stock its 28th biggest position. CacheTech Inc.’s holdings in ARM were worth $3,321,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. RiverPark Advisors LLC boosted its position in shares of ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after buying an additional 77 shares during the period. BOKF NA grew its stake in ARM by 33.3% in the first quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of ARM by 1.1% during 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. Finally, Comerica Bank raised its position in shares of ARM by 6.1% during the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock worth $222,000 after purchasing an additional 103 shares during the period. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Up 0.1 %

Shares of NASDAQ ARM opened at $141.48 on Friday. The stock has a fifty day simple moving average of $140.91 and a two-hundred day simple moving average of $136.58. Arm Holdings plc has a 1-year low of $49.82 and a 1-year high of $188.75. The firm has a market cap of $148.25 billion and a price-to-earnings ratio of 362.78.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. ARM’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. Analysts forecast that Arm Holdings plc will post 0.86 EPS for the current year.

Analysts Set New Price Targets

ARM has been the subject of several research reports. William Blair started coverage on shares of ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, August 1st. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Thursday, August 8th. Finally, Barclays raised their target price on ARM from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.57.

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.