Arm Holdings plc (NASDAQ:ARM) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its stake in Arm Holdings plc (NASDAQ:ARM) by 64.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,467 shares of the company’s stock after selling 52,614 shares during the period. Tidal Investments LLC’s holdings in ARM were worth $4,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. RiverPark Advisors LLC increased its position in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of ARM by 14.0% in the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after buying an additional 77 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after acquiring an additional 100 shares during the period. Hobbs Group Advisors LLC raised its position in ARM by 7.4% in the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in ARM by 5.5% in the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after acquiring an additional 102 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ARM shares. Benchmark initiated coverage on shares of ARM in a report on Monday, September 16th. They issued a “hold” rating for the company. Evercore ISI lifted their price objective on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group began coverage on ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 target price on the stock. TD Cowen upped their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Susquehanna lifted their price target on ARM from $115.00 to $118.00 and gave the stock a “neutral” 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Trading Up 2.6 %

NASDAQ ARM opened at $151.91 on Friday. The business’s 50-day moving average price is $142.98 and its 200 day moving average price is $143.32. Arm Holdings plc has a twelve month low of $65.11 and a twelve month high of $188.75. The company has a market capitalization of $159.18 billion, a PE ratio of 253.19, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67.

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