5,930 Shares in Arm Holdings plc (NASDAQ:ARM) Acquired by Clarus Wealth Advisors

Clarus Wealth Advisors acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,930 shares of the company’s stock, valued at approximately $732,000.

A number of other large investors have also bought and sold shares of ARM. ORG Partners LLC purchased a new position in shares of ARM during the 3rd quarter valued at $29,000. Gilliland Jeter Wealth Management LLC raised its stake in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after acquiring an additional 117 shares during the period. Quantbot Technologies LP purchased a new stake in ARM during the third quarter valued at about $52,000. Farther Finance Advisors LLC boosted its position in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. Finally, First Community Trust NA bought a new position in ARM during the third quarter worth about $70,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARM has been the topic of several research reports. Loop Capital boosted their price target on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI increased their price objective on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” 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 given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus target price of $150.64.

ARM Trading Up 2.2 %

ARM opened at $140.06 on Wednesday. The stock has a market capitalization of $146.76 billion, a P/E ratio of 233.44, a PEG ratio of 7.15 and a beta of 4.53. Arm Holdings plc has a 12-month low of $66.66 and a 12-month high of $188.75. The stock has a 50-day moving average price of $137.34 and a 200-day moving average price of $141.38.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. On average, equities research analysts predict that Arm Holdings plc will post 0.79 EPS for the current year.

ARM Company 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.