25,300 Shares in Arm Holdings plc (NASDAQ:ARM) Bought by Paloma Partners Management Co

Paloma Partners Management Co bought a new stake in Arm Holdings plc (NASDAQ:ARM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,300 shares of the company’s stock, valued at approximately $3,618,000.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC acquired a new stake in ARM during the 3rd quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new stake in shares of ARM during the second quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the period. RiverPark Advisors LLC grew its position in 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 buying an additional 77 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in ARM in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

ARM stock opened at $134.29 on Monday. The stock’s 50 day moving average price is $142.98 and its 200 day moving average price is $141.70. The firm has a market cap of $140.71 billion, a P/E ratio of 223.82, a PEG ratio of 6.71 and a beta of 5.40. Arm Holdings plc has a 1 year low of $60.37 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings data 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. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period in the prior year, the business earned $0.36 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ARM shares. Wells Fargo & Company assumed coverage on shares of ARM in a research note on Friday, November 22nd. They issued an “overweight” rating and a $155.00 target price for the company. Susquehanna raised their price objective on shares of ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. TD Cowen lifted their price objective on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Finally, Barclays raised their price target on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

About ARM

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.