Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC lifted its stake in Arm Holdings plc (NASDAQ:ARM) by 83.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258 shares of the company’s stock after acquiring an additional 117 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in ARM were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ARM. Mark Sheptoff Financial Planning LLC bought a new stake in ARM in the first quarter worth about $25,000. ORG Partners LLC purchased a new stake in shares of ARM in the 3rd quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new position in ARM in the 2nd quarter worth approximately $33,000. RiverPark Advisors LLC grew its holdings in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after buying an additional 77 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of ARM during the second quarter valued at $41,000. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARM. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Sanford C. Bernstein upgraded shares of ARM from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $92.00 to $100.00 in a report on Wednesday, August 7th. Benchmark assumed coverage on shares of ARM in a research report on Monday, September 16th. They set a “hold” rating on the stock. Raymond James initiated coverage on shares of ARM in a research report on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.57.

ARM Trading Down 1.0 %

Shares of ARM stock opened at $153.03 on Monday. The firm has a fifty day simple moving average of $137.10 and a 200-day simple moving average of $135.20. The stock has a market capitalization of $160.35 billion and a price-to-earnings ratio of 392.39. Arm Holdings plc has a 1-year low of $46.50 and a 1-year high of $188.75.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The business’s revenue was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. As a group, research analysts predict 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.