180 Wealth Advisors LLC Invests $874,000 in Arm Holdings plc (NASDAQ:ARM)

180 Wealth Advisors LLC purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,187 shares of the company’s stock, valued at approximately $874,000.

A number of other hedge funds also recently modified their holdings of ARM. GeoWealth Management LLC lifted its holdings in shares of ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the period. Colonial Trust Co SC bought a new position in ARM during the fourth quarter worth $40,000. Valley National Advisers Inc. raised its stake in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares during the last quarter. Farther Finance Advisors LLC raised its stake in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $107,000 after buying an additional 453 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in ARM by 40.1% during the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company’s stock worth $111,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ARM shares. Citigroup lowered their target price on shares of ARM from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company lowered their target price on shares of ARM from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Bank of America lowered their target price on shares of ARM from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Barclays lowered their target price on shares of ARM from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.76.

ARM Price Performance

NASDAQ:ARM opened at $123.68 on Monday. The firm has a 50-day moving average of $113.79 and a 200-day moving average of $130.56. The company has a market cap of $129.60 billion, a PE ratio of 162.74, a PEG ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, equities research analysts expect that Arm Holdings plc will post 0.9 earnings per share for the current fiscal year.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.