Hexagon Capital Partners LLC Has $90,000 Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Hexagon Capital Partners LLC raised its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 14.0% during the third quarter, Holdings Channel reports. The firm owned 627 shares of the company’s stock after buying an additional 77 shares during the period. Hexagon Capital Partners LLC’s holdings in ARM were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ARM. Fullerton Fund Management Co Ltd. acquired a new stake in ARM during the fourth quarter valued at approximately $20,039,000. Virtu Financial LLC acquired a new stake in ARM during the fourth quarter valued at approximately $1,284,000. Wellington Management Group LLP boosted its holdings in ARM by 56.4% during the fourth quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock valued at $335,802,000 after purchasing an additional 1,611,926 shares in the last quarter. Mubadala Investment Co PJSC acquired a new stake in ARM during the fourth quarter valued at approximately $150,437,000. Finally, Fisher Asset Management LLC acquired a new stake in ARM during the fourth quarter valued at approximately $102,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. William Blair assumed coverage on ARM in a report on Wednesday, September 18th. They set an “outperform” rating on the stock. Evercore ISI lifted their target price on shares of ARM from $145.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Raymond James started coverage on shares of ARM in a research note on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, August 1st. Finally, HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $134.91.

ARM Stock Up 0.6 %

Shares of ARM stock opened at $149.33 on Friday. Arm Holdings plc has a 12-month low of $46.50 and a 12-month high of $188.75. The firm has a market capitalization of $156.47 billion and a price-to-earnings ratio of 147.06. The firm has a fifty day moving average of $132.22 and a 200-day moving average of $133.98.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $905.53 million. During the same quarter in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 39.1% on a year-over-year basis. Research analysts expect that Arm Holdings plc will post 0.86 earnings per share 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.