Veracity Capital LLC Has $440,000 Stock Position in Arm Holdings plc (NASDAQ:ARM)

Veracity Capital LLC increased its position in Arm Holdings plc (NASDAQ:ARM) by 21.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,074 shares of the company’s stock after buying an additional 539 shares during the period. Veracity Capital LLC’s holdings in ARM were worth $440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARM. Sei Investments Co. increased its holdings in shares of ARM by 551.6% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in ARM by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock valued at $36,366,000 after purchasing an additional 14,584 shares during the period. Mark Asset Management LP increased its stake in ARM by 14.2% during the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after purchasing an additional 29,686 shares in the last quarter. State of Michigan Retirement System acquired a new position in ARM during the first quarter worth $28,523,000. Finally, Marsico Capital Management LLC bought a new position in shares of ARM in the second quarter valued at $33,207,000. 7.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ARM shares. Citigroup upped their target price on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Daiwa Capital Markets upgraded ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, August 8th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price target on shares of ARM in a report on Thursday, August 1st. HSBC cut ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Finally, Raymond James started coverage on shares of ARM in a research note on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

ARM Trading Down 1.0 %

Shares of ARM stock opened at $153.03 on Friday. The firm’s 50 day moving average is $137.10 and its 200 day moving average is $135.13. The stock has a market capitalization of $160.35 billion and a P/E ratio of 392.39. Arm Holdings plc has a 12 month low of $46.50 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $905.53 million. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. On average, equities analysts predict that Arm Holdings plc will post 0.86 EPS 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.