Private Advisor Group LLC Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Private Advisor Group LLC acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,004 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in ARM in the 3rd quarter valued at $32,000. Bamco Inc. NY bought a new stake in shares of ARM in the 3rd quarter worth $37,000. Westside Investment Management Inc. purchased a new stake in shares of ARM in the third quarter valued at about $43,000. Bfsg LLC bought a new position in shares of ARM during the fourth quarter valued at about $53,000. Finally, PNC Financial Services Group Inc. purchased a new position in ARM during the third quarter worth about $55,000. 7.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARM has been the topic of several recent analyst reports. Evercore ISI dropped their target price on shares of ARM from $156.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Mizuho lifted their price target on ARM from $100.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, May 9th. Sanford C. Bernstein raised their target price on ARM from $72.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, May 16th. Finally, Susquehanna reissued a “neutral” rating and issued a $85.00 price target on shares of ARM in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of 93.48.

ARM Stock Up 1.9 %

Shares of NASDAQ:ARM opened at 114.64 on Friday. Arm Holdings plc has a 12 month low of 46.50 and a 12 month high of 164.00. The company has a 50 day moving average of 115.20 and a 200 day moving average of 96.13.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, May 8th. The company reported 0.36 earnings per share for the quarter, topping the consensus estimate of 0.30 by 0.06. The firm had revenue of 928.00 million for the quarter, compared to analysts’ expectations of 865.94 million. ARM had a net margin of 9.46% and a return on equity of 16.94%. The business’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share. On average, research analysts expect that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.

ARM Company 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.