UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Arm Holdings plc (NASDAQ:ARM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 79.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,550 shares of the company’s stock after buying an additional 2,900 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ARM were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. ORG Partners LLC bought a new position in ARM in the third quarter valued at $29,000. Transcendent Capital Group LLC purchased a new position in shares of ARM during the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC lifted its position in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after buying an additional 117 shares during the last quarter. RiverPark Advisors LLC boosted its stake in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after buying an additional 77 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in ARM during the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM stock opened at $136.56 on Thursday. Arm Holdings plc has a 1 year low of $65.11 and a 1 year high of $188.75. The company has a 50-day moving average of $142.80 and a 200 day moving average of $143.88. The firm has a market cap of $143.09 billion, a price-to-earnings ratio of 227.60, a PEG ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s 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 analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ARM shares. JPMorgan Chase & Co. boosted their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. William Blair assumed coverage on shares of ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating for the company. UBS Group began coverage on ARM in a research note on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. TD Cowen boosted their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $150.32.

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.