Arm Holdings plc (NASDAQ:ARM) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lowered its stake in shares of Arm Holdings plc (NASDAQ:ARMFree Report) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,929 shares of the company’s stock after selling 806 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in ARM were worth $731,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of ARM during the third quarter valued at $29,000. Gilliland Jeter Wealth Management LLC boosted its stake in ARM by 83.0% during the 3rd 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. Quantbot Technologies LP bought a new position in ARM in the 3rd quarter worth about $52,000. Farther Finance Advisors LLC increased its stake in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after purchasing an additional 131 shares during the period. Finally, First Community Trust NA acquired a new position in shares of ARM during the third quarter worth approximately $70,000. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

ARM stock opened at $147.40 on Thursday. The firm’s 50 day simple moving average is $137.34 and its 200-day simple moving average is $141.38. Arm Holdings plc has a fifty-two week low of $66.66 and a fifty-two week high of $188.75. The company has a market cap of $154.45 billion, a P/E ratio of 245.67, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53.

ARM (NASDAQ:ARMGet Free Report) last released its 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. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. On average, analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ARM shares. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. 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. Barclays upped their price target on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.64.

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ARM Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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