Parisi Gray Wealth Management Acquires 830 Shares of Arm Holdings plc (NASDAQ:ARM)

Parisi Gray Wealth Management grew its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,370 shares of the company’s stock after acquiring an additional 830 shares during the period. Parisi Gray Wealth Management’s holdings in ARM were worth $909,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ARM. International Assets Investment Management LLC raised its stake in ARM by 14,351.1% in 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 position in shares of ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after acquiring an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ARM by 186.8% during 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 during the last quarter. Franklin Resources Inc. boosted its position in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. Finally, Marsico Capital Management LLC purchased a new position in ARM in the second quarter valued at about $33,207,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ:ARM traded down $3.42 on Monday, hitting $137.07. 3,323,677 shares of the company’s stock were exchanged, compared to its average volume of 4,784,290. The firm’s 50-day moving average is $137.36 and its 200 day moving average is $141.75. The company has a market capitalization of $143.63 billion, a PE ratio of 228.45, a P/E/G ratio of 7.15 and a beta of 4.53. Arm Holdings plc has a 1-year low of $66.66 and a 1-year high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings data 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 net margin of 18.13% and a return on equity of 13.69%. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same quarter in the previous year, the firm earned $0.36 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARM. William Blair began coverage on shares of ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. TD Cowen lifted their target price 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. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. Susquehanna increased their price objective on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average price target of $150.64.

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.