Crescent Sterling Ltd. Acquires 114 Shares of Arm Holdings plc (NASDAQ:ARM)

Crescent Sterling Ltd. lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 6.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,879 shares of the company’s stock after buying an additional 114 shares during the quarter. Crescent Sterling Ltd.’s holdings in ARM were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ARM. Franklin Resources Inc. raised its stake in ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares in the last quarter. International Assets Investment Management LLC grew its position in ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares in the last quarter. Sei Investments Co. increased its stake in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after acquiring an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of ARM by 186.8% during 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. Finally, Mark Asset Management LP grew its holdings in shares of ARM by 14.2% during the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after purchasing an additional 29,686 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Trading Down 3.2 %

NASDAQ:ARM opened at $140.49 on Monday. The firm’s 50 day moving average is $137.36 and its 200 day moving average is $141.75. Arm Holdings plc has a 12 month low of $66.66 and a 12 month high of $188.75. The stock has a market capitalization of $147.21 billion, a PE ratio of 234.15, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (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 return on equity of 13.69% and a net margin of 18.13%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

ARM has been the subject of a number of analyst reports. Susquehanna boosted their price target on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Benchmark began coverage on shares of ARM in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research note on Thursday, October 31st. William Blair began coverage on ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group upped their price objective on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.32.

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.