Nwam LLC Buys New Shares in Arm Holdings plc (NASDAQ:ARM)

Nwam LLC purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,611 shares of the company’s stock, valued at approximately $373,000.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares in the last quarter. Sei Investments Co. lifted its stake in ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after acquiring an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after acquiring an additional 233,909 shares during the period. Marsico Capital Management LLC bought a new position in shares of ARM in the 2nd quarter valued at about $33,207,000. Finally, ProShare Advisors LLC acquired a new position in shares of ARM during the 2nd quarter worth about $16,611,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Hsbc Global Res upgraded ARM to a “moderate sell” rating in a report on Monday, July 29th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of ARM in a report on Thursday, August 1st. Citigroup raised their price target on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Evercore ISI upped their price objective on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company assumed coverage on shares of ARM in a research note on Friday. They set an “overweight” rating and a $155.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.86.

ARM Stock Performance

ARM opened at $135.99 on Monday. The firm has a market cap of $142.50 billion, a P/E ratio of 226.65, a price-to-earnings-growth ratio of 6.65 and a beta of 5.40. The business’s fifty day moving average is $143.30 and its 200-day moving average is $140.87. Arm Holdings plc has a 52-week low of $60.37 and a 52-week high of $188.75.

ARM (NASDAQ:ARM) last released 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. The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, research analysts predict that Arm Holdings plc will post 0.79 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.