Vontobel Holding Ltd. Buys 12,623 Shares of Arm Holdings plc (NASDAQ:ARM)

Vontobel Holding Ltd. raised its stake in Arm Holdings plc (NASDAQ:ARM) by 116.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,480 shares of the company’s stock after acquiring an additional 12,623 shares during the quarter. Vontobel Holding Ltd.’s holdings in ARM were worth $1,764,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hoey Investments Inc. bought a new stake in shares of ARM in the third quarter valued at about $27,000. Centerpoint Advisors LLC bought a new stake in ARM in the 3rd quarter valued at about $32,000. Ancora Advisors LLC acquired a new position in shares of ARM during the 3rd quarter worth approximately $32,000. Bamco Inc. NY acquired a new position in shares of ARM during the 3rd quarter worth approximately $37,000. Finally, Westside Investment Management Inc. bought a new position in shares of ARM during the third quarter worth approximately $43,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Down 16.9 %

NASDAQ ARM opened at 87.19 on Friday. The business’s 50-day moving average price is 128.44 and its two-hundred day moving average price is 86.35. Arm Holdings plc has a 12 month low of 46.50 and a 12 month high of 164.00.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, topping analysts’ consensus estimates of 0.25 by 0.04. The company had revenue of 824.00 million during the quarter, compared to analyst estimates of 762.50 million. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arm Holdings plc will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of analyst reports. BNP Paribas downgraded ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Friday. KeyCorp increased their target price on ARM from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. TD Cowen boosted their price target on ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Evercore ISI initiated coverage on shares of ARM in a research note on Tuesday. They set an “outperform” rating and a $156.00 price objective on the stock. Finally, Barclays raised their target price on shares of ARM from $65.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, ARM has a consensus rating of “Hold” and an average price target of 90.28.

ARM 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.