770 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by VitalStone Financial LLC

VitalStone Financial LLC acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the 3rd quarter, Holdings Channel reports. The fund acquired 770 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC grew its position in ARM by 393.0% during the 1st quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock valued at $3,154,000 after purchasing an additional 20,117 shares during the last quarter. Willner & Heller LLC lifted its stake in ARM by 193.7% during the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after acquiring an additional 4,484 shares during the period. Mizuho Securities Co. Ltd. lifted its stake in ARM by 156.3% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock valued at $3,011,000 after acquiring an additional 11,220 shares during the period. Itau Unibanco Holding S.A. bought a new position in ARM during the 2nd quarter valued at about $4,090,000. Finally, Rheos Capital Works Inc. lifted its stake in ARM by 48.1% during the 1st quarter. Rheos Capital Works Inc. now owns 256,900 shares of the company’s stock valued at $32,110,000 after acquiring an additional 83,400 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of NASDAQ ARM opened at $161.82 on Tuesday. The company has a market cap of $169.56 billion and a P/E ratio of 414.93. The firm’s fifty day moving average is $134.01 and its two-hundred day moving average is $134.43. Arm Holdings plc has a 52-week low of $46.50 and a 52-week high of $188.75.

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 analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. ARM’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. As a group, analysts forecast that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on ARM shares. Bank of America upped their target price on shares of ARM from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. TD Cowen upgraded shares of ARM to a “strong-buy” rating in a research note on Monday, September 16th. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.91.

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.