Silver Oak Securities Incorporated Acquires 5,387 Shares of Arm Holdings plc (NASDAQ:ARM)

Silver Oak Securities Incorporated grew its holdings in Arm Holdings plc (NASDAQ:ARM) by 578.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,319 shares of the company’s stock after purchasing an additional 5,387 shares during the quarter. Silver Oak Securities Incorporated’s holdings in ARM were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Valley National Advisers Inc. raised its position in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the period. Hexagon Capital Partners LLC grew its position 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 purchasing an additional 77 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after purchasing an additional 100 shares during the period. Hobbs Group Advisors LLC lifted its position in shares of ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after purchasing an additional 100 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in ARM by 5.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after purchasing an additional 102 shares during the period. Institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ARM. Citigroup increased their price objective on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group assumed 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. Susquehanna upped their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday. Finally, Mizuho upped their target price on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.17.

ARM Stock Down 3.0 %

Shares of ARM stock opened at $162.51 on Friday. The firm has a market cap of $170.28 billion, a price-to-earnings ratio of 270.85, a PEG ratio of 7.46 and a beta of 4.56. The stock has a 50-day moving average price of $144.13 and a 200 day moving average price of $140.00. Arm Holdings plc has a 12 month low of $85.61 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last issued its 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. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

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.