Crewe Advisors LLC Acquires Shares of 400 Arm Holdings plc (NASDAQ:ARM)

Crewe Advisors LLC purchased a new stake in Arm Holdings plc (NASDAQ:ARM) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 400 shares of the company’s stock, valued at approximately $50,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of ARM in the first quarter worth approximately $25,000. SOA Wealth Advisors LLC. purchased a new stake in ARM during the 1st quarter valued at about $35,000. Naples Money Management LLC raised its holdings in ARM by 47.8% in the 1st quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after acquiring an additional 110 shares during the last quarter. Northwest Financial Advisors purchased a new position in ARM in the 4th quarter worth approximately $46,000. Finally, DSM Capital Partners LLC acquired a new position in shares of ARM during the 4th quarter worth approximately $50,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ARM shares. Susquehanna restated a “neutral” rating and set a $85.00 price objective on shares of ARM in a research report on Thursday, April 4th. KeyCorp lifted their price target on shares of ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Bank of America increased their price objective on ARM from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. BNP Paribas downgraded ARM from an “outperform” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Friday, April 19th. Finally, Evercore ISI cut their price objective on ARM from $156.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and an average target price of 109.08.

ARM Price Performance

Shares of ARM stock traded down 1.39 during mid-day trading on Friday, hitting 147.75. 3,838,422 shares of the stock were exchanged, compared to its average volume of 12,743,642. The company has a 50-day simple moving average of 151.23 and a 200 day simple moving average of 124.08. Arm Holdings plc has a twelve month low of 46.50 and a twelve month high of 188.75.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, May 8th. The company reported 0.36 EPS for the quarter, beating 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 firm had revenue of 928.00 million during the quarter, compared to analyst estimates of 865.94 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. Equities analysts predict that Arm Holdings plc will post 0.81 earnings per share for the current year.

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.