Arm Holdings plc (NASDAQ:ARM) Stake Lowered by Dakota Wealth Management

Dakota Wealth Management cut its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 73.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,963 shares of the company’s stock after selling 40,447 shares during the quarter. Dakota Wealth Management’s holdings in ARM were worth $1,846,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ARM. ORG Partners LLC bought a new position in shares of ARM during the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of ARM during the third quarter valued at approximately $52,000. Farther Finance Advisors LLC grew its holdings in shares of ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after purchasing an additional 131 shares during the last quarter. Finally, First Community Trust NA bought a new position in ARM in the 3rd quarter worth approximately $70,000. 7.53% of the stock is owned by institutional investors.

ARM Stock Down 7.4 %

Shares of NASDAQ:ARM opened at $166.56 on Friday. The company’s fifty day moving average is $138.72 and its two-hundred day moving average is $141.01. Arm Holdings plc has a 12-month low of $69.32 and a 12-month high of $188.75. The company has a market cap of $174.53 billion, a P/E ratio of 277.60, a price-to-earnings-growth ratio of 7.25 and a beta of 4.53.

ARM (NASDAQ:ARM) last announced 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. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period in the previous year, the business earned $0.36 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Arm Holdings plc will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARM shares. Loop Capital increased their price objective on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their price objective on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays increased their price objective on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. UBS Group initiated coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, Susquehanna upped their target price on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.