Beacon Pointe Advisors LLC Purchases New Stake in Arm Holdings plc (NASDAQ:ARM)

Beacon Pointe Advisors LLC purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,734 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in shares of ARM during the 3rd quarter worth about $32,000. Bamco Inc. NY acquired a new stake in ARM during the third quarter worth approximately $37,000. Westside Investment Management Inc. bought a new stake in shares of ARM during the third quarter worth approximately $43,000. Northwest Financial Advisors acquired a new position in shares of ARM in the fourth quarter valued at approximately $46,000. Finally, Bfsg LLC bought a new position in shares of ARM during the fourth quarter worth approximately $53,000. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ARM. BNP Paribas downgraded ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Friday, April 19th. Barclays upped their price target on shares of ARM from $65.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Monday, May 6th. TD Cowen boosted their price objective on shares of ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, New Street Research reaffirmed a “neutral” rating and set a $110.00 target price on shares of ARM in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, ARM currently has an average rating of “Hold” and a consensus price target of 93.48.

ARM Trading Up 1.9 %

ARM stock opened at 114.64 on Monday. The stock has a 50-day moving average price of 115.20 and a two-hundred day moving average price of 96.43. Arm Holdings plc has a 12 month low of 46.50 and a 12 month high of 164.00.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, May 8th. The company reported 0.36 EPS for the quarter, topping the consensus estimate of 0.30 by 0.06. ARM had a net margin of 9.46% and a return on equity of 16.94%. The business had revenue of 928.00 million for the quarter, compared to the consensus estimate of 865.94 million. During the same period last year, the company earned $0.02 EPS. The firm’s revenue was up 46.6% compared to the same quarter last year. As a group, equities analysts predict that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.

ARM 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.