KCM Investment Advisors LLC Takes Position in Arm Holdings plc (NASDAQ:ARM)

KCM Investment Advisors LLC purchased a new stake in Arm Holdings plc (NASDAQ:ARM) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,185 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares in the last quarter. Sei Investments Co. raised its holdings in ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after acquiring an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after purchasing an additional 233,909 shares in the last quarter. Marsico Capital Management LLC acquired a new position in shares of ARM during the 2nd quarter worth approximately $33,207,000. Finally, ProShare Advisors LLC acquired a new stake in shares of ARM in the second quarter valued at approximately $16,611,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARM has been the subject of several analyst reports. Hsbc Global Res upgraded ARM to a “moderate sell” rating in a report on Monday, July 29th. Citigroup lifted their target price on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Daiwa America upgraded ARM from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, William Blair began coverage on ARM in a research note on Wednesday, September 18th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.95.

ARM Price Performance

ARM stock opened at $128.73 on Friday. The business’s 50-day moving average is $143.60 and its two-hundred day moving average is $139.55. The firm has a market capitalization of $134.89 billion, a P/E ratio of 214.55, a P/E/G ratio of 6.75 and a beta of 5.40. Arm Holdings plc has a 1 year low of $53.47 and a 1 year high of $188.75.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share 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 firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Arm Holdings plc will post 0.79 EPS for the current year.

ARM 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.