2,392 Shares in Arm Holdings plc (NASDAQ:ARM) Bought by Gilbert & Cook Inc.

Gilbert & Cook Inc. purchased 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 & Exchange Commission. The firm purchased 2,392 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Modus Advisors LLC grew its position in shares of ARM by 300.2% in the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after purchasing an additional 13,453 shares during the period. KP Management LLC boosted its stake in shares of ARM by 28.6% in the third quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after acquiring an additional 10,000 shares during the last quarter. XTX Topco Ltd increased its position in shares of ARM by 150.1% during the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock worth $928,000 after purchasing an additional 3,893 shares in the last quarter. Willner & Heller LLC raised its stake in ARM by 193.7% in the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Avalon Global Asset Management LLC purchased a new position in ARM in the 3rd quarter valued at $8,581,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ARM shares. TD Cowen increased their target price on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays raised their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. The Goldman Sachs Group upped their price target on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average price target of $152.09.

ARM Price Performance

Shares of ARM stock opened at $153.23 on Friday. The stock has a market capitalization of $160.56 billion, a price-to-earnings ratio of 255.39, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53. The business has a 50-day moving average of $140.94 and a 200 day moving average of $140.06. Arm Holdings plc has a 12 month low of $69.32 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last announced 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 during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities research analysts anticipate that Arm Holdings plc will post 0.84 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.