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

SeaCrest Wealth Management LLC reduced its holdings in Arm Holdings plc (NASDAQ:ARM) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares during the last quarter. Sei Investments Co. raised its stake in ARM by 551.6% during the second 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. boosted its holdings in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after purchasing an additional 233,909 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares during the period. Finally, Marsico Capital Management LLC acquired a new stake in shares of ARM during the 2nd quarter worth $33,207,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of ARM stock opened at $147.40 on Thursday. The stock has a market capitalization of $154.45 billion, a price-to-earnings ratio of 245.67, a PEG ratio of 7.15 and a beta of 4.53. Arm Holdings plc has a one year low of $66.66 and a one year high of $188.75. The company’s 50-day simple moving average is $137.34 and its 200-day simple moving average is $141.38.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million during 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 business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. As a group, research analysts forecast that Arm Holdings plc will post 0.79 EPS for the current year.

Wall Street Analyst Weigh In

ARM has been the topic of a number of research analyst reports. Barclays lifted their target price on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. TD Cowen boosted their target price on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Loop Capital raised their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. William Blair started coverage on shares of ARM in a research note on Wednesday, September 18th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group raised their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average price target of $150.64.

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.