Willner & Heller LLC Sells 209 Shares of Arm Holdings plc (NASDAQ:ARM)

Willner & Heller LLC reduced its position in Arm Holdings plc (NASDAQ:ARM) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,590 shares of the company’s stock after selling 209 shares during the quarter. Willner & Heller LLC’s holdings in ARM were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ARM. Modus Advisors LLC lifted its position in ARM by 300.2% during 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 grew its stake in ARM by 28.6% during the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock valued at $6,435,000 after acquiring an additional 10,000 shares in the last quarter. XTX Topco Ltd grew its stake in shares of ARM by 150.1% in the 3rd quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after buying an additional 3,893 shares during the period. Avalon Global Asset Management LLC purchased a new stake in shares of ARM in the 3rd quarter valued at approximately $8,581,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after buying an additional 8,707 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

ARM stock opened at $149.26 on Monday. Arm Holdings plc has a fifty-two week low of $69.32 and a fifty-two week high of $188.75. The stock has a market capitalization of $156.40 billion, a price-to-earnings ratio of 248.77, a PEG ratio of 6.57 and a beta of 4.53. The business’s fifty day moving average price is $137.37 and its two-hundred day moving average price is $141.24.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $810.03 million. During the same period in the prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts expect that Arm Holdings plc will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ARM shares. TD Cowen raised their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Barclays raised their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Loop Capital raised their price objective on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.09.

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.