Telligent Fund LP Acquires New Holdings in Arm Holdings plc (NASDAQ:ARM)

Telligent Fund LP bought a new stake in Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 27,000 shares of the company’s stock, valued at approximately $3,331,000. ARM makes up about 3.2% of Telligent Fund LP’s investment portfolio, making the stock its 10th largest position.

Several other large investors have also modified their holdings of ARM. Sanctuary Advisors LLC bought a new stake in ARM in the second quarter valued at $737,000. Park Avenue Securities LLC grew its stake in ARM by 8.6% during the 3rd quarter. Park Avenue Securities LLC now owns 2,780 shares of the company’s stock valued at $398,000 after acquiring an additional 221 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of ARM by 12.4% during the 3rd quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock valued at $202,000 after buying an additional 156 shares during the last quarter. CWM LLC lifted its holdings in shares of ARM by 19.6% during the 3rd quarter. CWM LLC now owns 108,372 shares of the company’s stock valued at $15,498,000 after buying an additional 17,769 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after purchasing an additional 77 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARM has been the topic of a number of research reports. UBS Group began coverage on ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a report on Thursday, October 31st. Rosenblatt Securities increased their price objective on ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Loop Capital raised their price objective on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.17.

ARM Trading Down 3.3 %

NASDAQ:ARM opened at $167.47 on Friday. Arm Holdings plc has a 1-year low of $72.25 and a 1-year high of $188.75. The stock has a market capitalization of $175.48 billion, a PE ratio of 279.12, a P/E/G ratio of 7.46 and a beta of 4.56. The firm has a fifty day simple moving average of $143.45 and a 200 day simple moving average of $139.80.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same period last year, the business earned $0.36 EPS. ARM’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Arm Holdings plc will post 0.84 earnings per share 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.