Diversify Advisory Services LLC Acquires New Shares in Arm Holdings plc (NASDAQ:ARM)

Diversify Advisory Services LLC bought a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,344 shares of the company’s stock, valued at approximately $4,977,000.

A number of other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC purchased a new stake in ARM during the third quarter valued at $29,000. Gilliland Jeter Wealth Management LLC increased its position in shares of ARM by 83.0% during the 3rd 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 in the 3rd quarter worth approximately $52,000. Farther Finance Advisors LLC boosted its holdings in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the last quarter. Finally, First Community Trust NA bought a new stake in ARM during the third quarter valued at approximately $70,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of ARM opened at $149.26 on Monday. Arm Holdings plc has a fifty-two week low of $69.32 and a fifty-two week high of $188.75. The company’s fifty day moving average is $137.37 and its 200 day moving average is $141.24. The stock has a market capitalization of $156.40 billion, a PE ratio of 248.77, a P/E/G ratio of 6.57 and a beta of 4.53.

ARM (NASDAQ:ARM) last posted 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. 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 the consensus estimate of $810.03 million. During the same period in the previous year, the firm posted $0.36 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Arm Holdings plc will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ARM shares. TD Cowen lifted their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a report on Thursday, October 31st. Evercore ISI upped their price target on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, Barclays increased their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.09.

About ARM

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.