Stonehage Fleming Financial Services Holdings Ltd Has $876,000 Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Stonehage Fleming Financial Services Holdings Ltd lowered its holdings in Arm Holdings plc (NASDAQ:ARM) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,100 shares of the company’s stock after selling 250 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in ARM were worth $876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in ARM by 20.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 37,902 shares of the company’s stock valued at $6,202,000 after buying an additional 6,311 shares during the last quarter. Bank of Montreal Can acquired a new position in ARM in the 2nd quarter valued at $5,684,000. AXA S.A. bought a new stake in ARM during the second quarter worth about $4,335,000. Creative Planning raised its position in shares of ARM by 438.5% in the 2nd quarter. Creative Planning now owns 31,601 shares of the company’s stock valued at $5,171,000 after buying an additional 25,733 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in ARM by 54.1% during the second quarter. NewEdge Advisors LLC now owns 34,386 shares of the company’s stock worth $5,626,000 after purchasing an additional 12,078 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

NASDAQ:ARM opened at $162.52 on Monday. Arm Holdings plc has a 1 year low of $69.32 and a 1 year high of $188.75. The firm has a market capitalization of $170.29 billion, a price-to-earnings ratio of 270.87, a PEG ratio of 8.41 and a beta of 4.53. The business has a 50 day simple moving average of $140.00 and a 200-day simple moving average of $140.74.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, analysts expect that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARM has been the subject of several analyst reports. Susquehanna raised their target price on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. The Goldman Sachs Group upped their target price on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays raised their price target on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company upped their target price on ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus target price of $152.09.

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.