Franklin Street Advisors Inc. NC Has $13.43 Million Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Franklin Street Advisors Inc. NC trimmed its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,895 shares of the company’s stock after selling 263 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in ARM were worth $13,433,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new stake in shares of ARM during the third quarter worth about $29,000. Gilliland Jeter Wealth Management LLC boosted its position in ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the last quarter. Alta Advisers Ltd bought a new position in ARM in the 2nd quarter valued at $49,000. Quantbot Technologies LP purchased a new stake in shares of ARM during the 3rd quarter valued at $52,000. Finally, Farther Finance Advisors LLC increased its position in 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. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ARM shares. Wells Fargo & Company initiated coverage on shares of ARM in a report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price target for the company. William Blair started coverage on ARM in a research note on Wednesday, September 18th. They set an “outperform” rating for the company. The Goldman Sachs Group raised their price objective on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Benchmark began coverage on shares of ARM in a report on Monday, September 16th. They set a “hold” rating on the stock. Finally, Evercore ISI lifted their price objective on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Price Performance

NASDAQ ARM traded down $6.11 on Friday, reaching $139.09. The company had a trading volume of 1,557,412 shares, compared to its average volume of 4,753,065. The firm has a 50-day moving average of $137.38 and a 200-day moving average of $142.12. Arm Holdings plc has a 1 year low of $66.66 and a 1 year high of $188.75. The firm has a market capitalization of $145.74 billion, a PE ratio of 231.82, a P/E/G ratio of 7.15 and a beta of 4.53.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, sell-side analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal 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.