5,260 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Capital CS Group LLC

Capital CS Group LLC purchased a new stake in Arm Holdings plc (NASDAQ:ARM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,260 shares of the company’s stock, valued at approximately $752,000. ARM accounts for approximately 0.9% of Capital CS Group LLC’s portfolio, making the stock its 12th biggest position.

Several other hedge funds have also bought and sold shares of ARM. Park Avenue Securities LLC raised its position in shares of ARM by 8.6% in the third quarter. Park Avenue Securities LLC now owns 2,780 shares of the company’s stock worth $398,000 after acquiring an additional 221 shares during the period. First Community Trust NA purchased a new position in shares of ARM in the 3rd quarter valued at about $70,000. Centaurus Financial Inc. acquired a new position in ARM in the 2nd quarter worth about $223,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ARM during the second quarter worth approximately $1,776,000. Finally, Sanctuary Advisors LLC acquired a new stake in ARM in the second quarter valued at approximately $737,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ARM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, August 1st. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. TD Cowen raised shares of ARM to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Bank of America boosted their price objective on ARM from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.96.

ARM Stock Performance

Shares of ARM stock traded up $2.31 during trading hours on Friday, hitting $140.55. The company’s stock had a trading volume of 3,765,664 shares, compared to its average volume of 11,558,205. The firm has a fifty day moving average of $131.37 and a 200-day moving average of $133.57. The stock has a market cap of $147.27 billion and a price-to-earnings ratio of 152.14. Arm Holdings plc has a twelve month low of $46.50 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The company 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%. ARM’s revenue was up 39.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. On average, sell-side analysts expect that Arm Holdings plc will post 0.86 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.