Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Chicago Capital LLC

Chicago Capital LLC grew its stake in Arm Holdings plc (NASDAQ:ARM) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,304 shares of the company’s stock after acquiring an additional 685 shares during the period. Chicago Capital LLC’s holdings in ARM were worth $1,518,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ARM. ORG Partners LLC purchased a new position in ARM in the 3rd quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC boosted its holdings in ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the period. Quantbot Technologies LP acquired a new position in ARM during the 3rd quarter worth $52,000. Berbice Capital Management LLC acquired a new stake in ARM in the 4th quarter valued at about $49,000. Finally, Farther Finance Advisors LLC increased its stake in shares of ARM by 45.8% during 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 period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Susquehanna increased their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. 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. UBS Group started coverage on shares of ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.09.

ARM Stock Up 4.1 %

ARM stock opened at $159.55 on Monday. The stock’s fifty day simple moving average is $141.82 and its 200-day simple moving average is $139.75. Arm Holdings plc has a 52-week low of $69.32 and a 52-week high of $188.75. The stock has a market capitalization of $167.18 billion, a price-to-earnings ratio of 265.92, a price-to-earnings-growth ratio of 6.90 and a beta of 4.53.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS 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 firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. ARM’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

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.