FORA Capital LLC Buys Shares of 27,300 Arm Holdings plc (NASDAQ:ARM)

FORA Capital LLC purchased a new stake in Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,300 shares of the company’s stock, valued at approximately $3,904,000.

A number of other large investors have also made changes to their positions in ARM. International Assets Investment Management LLC raised its holdings in ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares during the period. Sei Investments Co. boosted its stake in ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after purchasing an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after purchasing an additional 233,909 shares in the last quarter. Marsico Capital Management LLC acquired a new stake in shares of ARM in the 2nd quarter valued at about $33,207,000. Finally, ProShare Advisors LLC acquired a new position in shares of ARM during the second quarter worth about $16,611,000. Institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARM. Loop Capital lifted their target price on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup raised their target price on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Evercore ISI increased their price objective on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Thursday, August 8th. Finally, Susquehanna increased their price target on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $150.32.

ARM Trading Down 2.6 %

Shares of NASDAQ:ARM traded down $3.57 during trading on Wednesday, reaching $133.15. 602,570 shares of the stock were exchanged, compared to its average volume of 10,554,396. The firm has a market cap of $139.52 billion, a PE ratio of 227.87, a PEG ratio of 6.97 and a beta of 5.40. Arm Holdings plc has a 12 month low of $60.37 and a 12 month high of $188.75. The stock has a 50-day moving average price of $143.32 and a 200-day moving average price of $141.32.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. On average, sell-side analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

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.