Cynosure Group LLC Has $365,000 Stock Position in Arm Holdings plc (NASDAQ:ARM)

Cynosure Group LLC lessened its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,552 shares of the company’s stock after selling 342 shares during the quarter. Cynosure Group LLC’s holdings in ARM were worth $365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARM. ORG Partners LLC bought a new stake in shares of ARM during the third quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in shares of ARM in the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares in the last quarter. RiverPark Advisors LLC boosted its position in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after buying an additional 77 shares during the period. Finally, Mather Group LLC. bought a new position in shares of ARM during the second quarter worth about $41,000. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ARM. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. TD Cowen raised their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Loop Capital raised their price objective on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Evercore ISI upped their target price on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Trading Down 2.5 %

Shares of ARM stock opened at $133.37 on Friday. The stock has a market cap of $139.75 billion, a P/E ratio of 222.28, a price-to-earnings-growth ratio of 6.97 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. The stock has a 50 day simple moving average of $143.07 and a 200 day simple moving average of $141.21.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $810.03 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Arm Holdings plc will post 0.79 EPS for the current year.

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.