Capstone Investment Advisors LLC Buys Shares of 19,353 Arm Holdings plc (NASDAQ:ARM)

Capstone Investment Advisors LLC purchased a new stake in Arm Holdings plc (NASDAQ:ARM) in the third quarter, HoldingsChannel reports. The firm purchased 19,353 shares of the company’s stock, valued at approximately $2,768,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ARM. Transcendent Capital Group LLC bought a new position in ARM during the second quarter worth about $33,000. ORG Partners LLC bought a new position in shares of ARM during the 3rd quarter valued at about $29,000. RiverPark Advisors LLC grew its position in shares of ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares during the period. Mather Group LLC. bought a new stake in ARM during the 2nd quarter worth approximately $41,000. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in ARM by 83.0% during 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 period. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of ARM stock opened at $133.37 on Friday. Arm Holdings plc has a fifty-two week low of $60.37 and a fifty-two week high of $188.75. The stock has a 50 day simple moving average of $143.07 and a two-hundred day simple moving average of $141.21. The company has a market cap of $139.75 billion, a P/E ratio of 222.29, a PEG ratio of 6.66 and a beta of 5.40.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million during 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%. ARM’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analysts Set New Price Targets

ARM has been the topic of several research reports. Daiwa America raised shares of ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft increased their price objective on ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of ARM in a report on Thursday, August 1st. The Goldman Sachs Group increased their target price on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, TD Cowen increased their price objective on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.