Berbice Capital Management LLC Takes Position in Arm Holdings plc (NASDAQ:ARM)

Berbice Capital Management LLC bought a new stake in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 400 shares of the company’s stock, valued at approximately $49,000.

A number of other large investors have also added to or reduced their stakes in ARM. Envestnet Asset Management Inc. increased its holdings in ARM by 20.0% during the second quarter. Envestnet Asset Management Inc. now owns 37,902 shares of the company’s stock worth $6,202,000 after buying an additional 6,311 shares during the last quarter. Pacer Advisors Inc. increased its holdings in ARM by 674.8% during the second quarter. Pacer Advisors Inc. now owns 6,493 shares of the company’s stock worth $1,062,000 after buying an additional 5,655 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in ARM during the second quarter worth about $4,729,000. Bank of Montreal Can bought a new position in ARM during the second quarter worth about $5,684,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of ARM in the second quarter valued at approximately $573,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ARM shares. Evercore ISI lifted their target price on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. TD Cowen lifted their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ARM presently has a consensus rating of “Moderate Buy” and an average target price of $152.09.

ARM Stock Up 0.3 %

Shares of NASDAQ:ARM opened at $167.11 on Friday. The firm’s 50 day moving average price is $139.32 and its 200-day moving average price is $141.18. Arm Holdings plc has a twelve month low of $69.32 and a twelve month high of $188.75. The stock has a market capitalization of $175.11 billion, a PE ratio of 276.48, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Arm Holdings plc will post 0.84 earnings per share for the current fiscal 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.