Arm Holdings plc (NASDAQ:ARM) Shares Bought by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC raised its position in shares of Arm Holdings plc (NASDAQ:ARM) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,109 shares of the company’s stock after purchasing an additional 1,088 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in ARM were worth $1,000,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ARM. Hexagon Capital Partners LLC grew its position in ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after purchasing an additional 77 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after buying an additional 100 shares during the last quarter. Hobbs Group Advisors LLC grew its holdings in ARM by 7.4% during the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares during the period. Great Valley Advisor Group Inc. raised its position in ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after acquiring an additional 102 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in ARM by 83.0% in the third 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. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARM. JPMorgan Chase & Co. raised their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company began coverage on shares of ARM in a research report on Friday, November 22nd. They set an “overweight” rating and a $155.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Raymond James initiated coverage on ARM in a report on Friday, September 13th. They issued an “outperform” rating and a $160.00 price target for the company. Two equities 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.32.

ARM Stock Performance

NASDAQ ARM opened at $145.20 on Friday. The stock’s fifty day moving average is $137.38 and its two-hundred day moving average is $142.12. The firm has a market capitalization of $152.15 billion, a P/E ratio of 242.00, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53. Arm Holdings plc has a fifty-two week low of $66.66 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating 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 previous year, the company posted $0.36 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast 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.