Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 205.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,162 shares of the company’s stock after buying an additional 2,801 shares during the period. Centaurus Financial Inc.’s holdings in ARM were worth $595,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. KP Management LLC raised its position in ARM by 28.6% during the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after buying an additional 10,000 shares during the last quarter. Willner & Heller LLC raised its holdings in shares of ARM by 193.7% during the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after purchasing an additional 4,484 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of ARM by 393.0% during the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock worth $3,154,000 after purchasing an additional 20,117 shares during the last quarter. United Advisor Group LLC acquired a new position in ARM during the third quarter valued at $545,000. Finally, Mizuho Securities Co. Ltd. boosted its holdings in ARM by 156.3% in the second quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock valued at $3,011,000 after purchasing an additional 11,220 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARM shares. William Blair assumed coverage on ARM in a report on Wednesday, September 18th. They issued an “outperform” rating for the company. Loop Capital boosted their price target on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research note on Thursday, October 31st. Finally, 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. Two equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Trading Down 2.1 %

NASDAQ:ARM opened at $136.72 on Wednesday. The company has a market cap of $143.26 billion, a P/E ratio of 227.87, a P/E/G ratio of 6.79 and a beta of 5.40. Arm Holdings plc has a twelve month low of $60.37 and a twelve month high of $188.75. The company’s 50-day moving average price is $143.32 and its 200-day moving average price is $141.32.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for 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 company posted $0.36 EPS. On average, analysts expect that Arm Holdings plc will post 0.79 earnings per share 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.