Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 578.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,319 shares of the company’s stock after acquiring an additional 5,387 shares during the quarter. Silver Oak Securities Incorporated’s holdings in ARM were worth $796,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of ARM during the second quarter worth about $737,000. Park Avenue Securities LLC grew its position in ARM by 8.6% in the 3rd quarter. Park Avenue Securities LLC now owns 2,780 shares of the company’s stock worth $398,000 after purchasing an additional 221 shares during the last quarter. Brookstone Capital Management increased its stake in shares of ARM by 12.4% in the third quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock valued at $202,000 after purchasing an additional 156 shares during the period. CWM LLC boosted its position in shares of ARM by 19.6% during the third quarter. CWM LLC now owns 108,372 shares of the company’s stock worth $15,498,000 after buying an additional 17,769 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after buying an additional 77 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

NASDAQ ARM opened at $162.51 on Friday. The company has a 50 day simple moving average of $144.13 and a 200-day simple moving average of $140.00. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75. The firm has a market capitalization of $170.28 billion, a price-to-earnings ratio of 270.85, a price-to-earnings-growth ratio of 7.46 and a beta of 4.56.

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. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Arm Holdings plc will post 0.84 EPS for the current year.

Analyst Ratings Changes

ARM has been the subject of several recent analyst reports. Evercore ISI increased their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna upped their price objective on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Raymond James raised their target price on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Benchmark reiterated a “hold” rating on shares of ARM in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $162.17.

About ARM

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.