Financial Life Planners Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Financial Life Planners bought a new position in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,194 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors have also bought and sold shares of ARM. Valley National Advisers Inc. boosted its holdings in shares of ARM by 13.3% during the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in ARM by 14.0% during the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after buying an additional 77 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in ARM by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after buying an additional 100 shares in the last quarter. Hobbs Group Advisors LLC grew its holdings in shares of ARM by 7.4% in the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after purchasing an additional 100 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

ARM has been the topic of a number of analyst reports. Barclays boosted 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. Loop Capital boosted their target price on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. UBS Group began coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company upped their price objective on ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Evercore ISI lifted their price objective on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have issued 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, ARM presently has a consensus rating of “Moderate Buy” and an average target price of $152.09.

ARM Trading Up 4.1 %

NASDAQ:ARM opened at $159.55 on Monday. The company’s 50-day moving average price is $141.82 and its 200-day moving average price is $139.60. Arm Holdings plc has a twelve month low of $69.32 and a twelve month high of $188.75. The company has a market cap of $167.18 billion, a P/E ratio of 265.92, a P/E/G ratio of 7.46 and a beta of 4.56.

ARM (NASDAQ:ARM) last posted its quarterly 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. The business had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. On average, analysts expect that Arm Holdings plc will post 0.84 earnings per share 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.