Juncture Wealth Strategies LLC Acquires 698 Shares of Arm Holdings plc (NASDAQ:ARM)

Juncture Wealth Strategies LLC lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 39.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,488 shares of the company’s stock after buying an additional 698 shares during the period. Juncture Wealth Strategies LLC’s holdings in ARM were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ARM. Franklin Resources Inc. grew its position in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after acquiring an additional 228,467 shares in the last quarter. International Assets Investment Management LLC raised its position in ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after purchasing an additional 806,676 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after purchasing an additional 233,909 shares during the last quarter. State Street Corp boosted its holdings in shares of ARM by 19.2% in the 3rd quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after purchasing an additional 35,720 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of ARM during the 4th quarter valued at approximately $22,705,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of ARM stock opened at $162.52 on Friday. The stock has a market cap of $170.29 billion, a price-to-earnings ratio of 270.87, a PEG ratio of 8.41 and a beta of 4.53. The firm’s 50-day moving average is $140.00 and its two-hundred day moving average is $141.03. Arm Holdings plc has a 1 year low of $69.32 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping 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 firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same period in the previous year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Arm Holdings plc will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of analyst reports. UBS Group started coverage on ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. TD Cowen raised their target price on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Evercore ISI boosted their target price on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.09.

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.