Dakota Wealth Management Lowers Position in Arm Holdings plc (NASDAQ:ARM)

Dakota Wealth Management trimmed its position in shares of Arm Holdings plc (NASDAQ:ARM) by 23.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,410 shares of the company’s stock after selling 16,823 shares during the quarter. Dakota Wealth Management’s holdings in ARM were worth $7,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of ARM during the first quarter valued at about $25,000. ORG Partners LLC bought a new position in shares of ARM during the 3rd quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of ARM during the 2nd quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares during the last quarter. Finally, RiverPark Advisors LLC grew its holdings in shares of ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ARM. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, August 1st. William Blair initiated coverage on shares of ARM in a report on Wednesday, September 18th. They set an “outperform” rating for the company. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Finally, Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus target price of $138.57.

ARM Stock Down 1.0 %

Shares of NASDAQ ARM opened at $141.04 on Friday. The business has a 50-day simple moving average of $138.71 and a two-hundred day simple moving average of $135.66. Arm Holdings plc has a 52 week low of $47.12 and a 52 week high of $188.75. The company has a market cap of $147.79 billion and a P/E ratio of 361.65.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. ARM’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. Equities research analysts anticipate that Arm Holdings plc will post 0.86 EPS for the current 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.