SG Americas Securities LLC Takes Position in Arm Holdings plc (NASDAQ:ARM)

SG Americas Securities LLC purchased a new position in Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 184,056 shares of the company’s stock, valued at approximately $22,705,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hexagon Capital Partners LLC lifted its stake in shares of ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after purchasing an additional 77 shares during the period. Louisiana State Employees Retirement System lifted its position in ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after buying an additional 100 shares during the period. Hobbs Group Advisors LLC boosted its holdings in shares of ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after buying an additional 100 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after acquiring an additional 102 shares in the last quarter. Finally, Crescent Sterling Ltd. lifted its position in ARM by 6.5% during the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock valued at $232,000 after acquiring an additional 114 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of ARM stock opened at $179.93 on Thursday. The stock has a market cap of $188.54 billion, a P/E ratio of 299.89, a P/E/G ratio of 6.97 and a beta of 4.53. The stock’s fifty day moving average is $137.82 and its 200 day moving average is $140.73. Arm Holdings plc has a one year low of $69.32 and a one year high of $188.75.

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

Wall Street Analyst Weigh In

ARM has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, November 7th. UBS Group initiated coverage on ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective 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 given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.09.

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.