Financial Life Planners Acquires Shares of 1,194 Arm Holdings plc (NASDAQ:ARM)

Financial Life Planners bought a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,194 shares of the company’s stock, valued at approximately $147,000.

Several other large investors have also recently bought and sold shares of the business. ORG Partners LLC acquired a new position in ARM in the third quarter valued at $29,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of ARM in the 3rd quarter valued at about $52,000. Berbice Capital Management LLC purchased a new position in ARM during the 4th quarter worth approximately $49,000. Finally, Farther Finance Advisors LLC increased its position in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of NASDAQ:ARM opened at $159.55 on Monday. Arm Holdings plc has a 12 month low of $69.32 and a 12 month high of $188.75. The firm has a market capitalization of $167.18 billion, a price-to-earnings ratio of 265.92, a price-to-earnings-growth ratio of 7.46 and a beta of 4.56. The business’s 50 day simple moving average is $141.82 and its 200-day simple moving average is $139.60.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million for 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%. ARM’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities analysts anticipate that Arm Holdings plc will post 0.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ARM shares. Evercore ISI increased their price objective on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Loop Capital increased their target price on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group began coverage on ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.