Arm Holdings plc (NASDAQ:ARM) Holdings Decreased by Paragon Capital Management Inc.

Paragon Capital Management Inc. lessened its stake in Arm Holdings plc (NASDAQ:ARM) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,545 shares of the company’s stock after selling 1,511 shares during the quarter. Paragon Capital Management Inc.’s holdings in ARM were worth $1,301,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after acquiring an additional 228,467 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of ARM by 14,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after purchasing an additional 233,909 shares during the last quarter. Rheos Capital Works Inc. boosted its holdings in ARM by 29.6% during the fourth quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company’s stock worth $30,211,000 after buying an additional 56,000 shares in the last quarter. Finally, State Street Corp grew its position in ARM by 19.2% in the third quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after buying an additional 35,720 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $162.20 on Wednesday. Arm Holdings plc has a one year low of $71.60 and a one year high of $188.75. The company’s fifty day moving average price is $142.14 and its two-hundred day moving average price is $139.58. The company has a market capitalization of $169.96 billion, a price-to-earnings ratio of 270.34, a PEG ratio of 7.46 and a beta of 4.56.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Evercore ISI increased their price target on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Susquehanna boosted their price objective on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a report on Thursday, November 7th. Finally, TD Cowen boosted their price target on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.09.

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.