Oppenheimer & Co. Inc. Purchases 10,492 Shares of Arm Holdings plc (NASDAQ:ARM)

Oppenheimer & Co. Inc. raised its holdings in shares of Arm Holdings plc (NASDAQ:ARMFree Report) by 216.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,338 shares of the company’s stock after purchasing an additional 10,492 shares during the period. Oppenheimer & Co. Inc.’s holdings in ARM were worth $1,153,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARM. Hsbc Holdings PLC purchased a new position in ARM during the third quarter valued at approximately $219,000. American Century Companies Inc. purchased a new position in shares of ARM in the 3rd quarter valued at $54,800,000. Citigroup Inc. bought a new position in shares of ARM in the 3rd quarter worth $344,000. Atria Wealth Solutions Inc. purchased a new stake in shares of ARM during the 4th quarter worth $665,000. Finally, Rheos Capital Works Inc. boosted its position in ARM by 92.8% during the fourth quarter. Rheos Capital Works Inc. now owns 173,500 shares of the company’s stock valued at $13,038,000 after purchasing an additional 83,500 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of ARM opened at 139.91 on Tuesday. The stock’s 50-day moving average price is 114.85 and its 200-day moving average price is 101.99. Arm Holdings plc has a 52 week low of 46.50 and a 52 week high of 164.00.

ARM (NASDAQ:ARMGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported 0.36 EPS for the quarter, topping the consensus estimate of 0.30 by 0.06. ARM had a return on equity of 16.94% and a net margin of 9.46%. The business had revenue of 928.00 million for the quarter, compared to analyst estimates of 865.94 million. During the same quarter in the prior year, the firm posted $0.02 EPS. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. Research analysts predict that Arm Holdings plc will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ARM. Daiwa Capital Markets lowered shares of ARM from a “buy” rating to a “neutral” rating and increased their price target for the company from $63.00 to $130.00 in a research report on Friday, February 16th. BNP Paribas cut shares of ARM from an “outperform” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Friday, April 19th. New Street Research reaffirmed a “neutral” rating and issued a $110.00 price target on shares of ARM in a report on Tuesday, February 27th. Evercore ISI decreased their price objective on ARM from $156.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Finally, Wells Fargo & Company boosted their target price on ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of 93.48.

Read Our Latest Stock Analysis on ARM

ARM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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