Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Aquila Investment Management LLC

Aquila Investment Management LLC raised its stake in Arm Holdings plc (NASDAQ:ARM) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. ARM makes up approximately 3.8% of Aquila Investment Management LLC’s investment portfolio, making the stock its 5th largest position. Aquila Investment Management LLC’s holdings in ARM were worth $3,432,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. RiverPark Advisors LLC increased its position in ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares during the period. Hexagon Capital Partners LLC raised its position in ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after purchasing an additional 77 shares during the last quarter. BOKF NA lifted its holdings in ARM by 33.3% during the 1st quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after buying an additional 100 shares during the period. Comerica Bank grew its position in shares of ARM by 6.1% in the 1st quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after buying an additional 103 shares during the last quarter. Finally, Naples Money Management LLC increased its stake in shares of ARM by 47.8% in the first quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after buying an additional 110 shares during the period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of NASDAQ ARM opened at $152.58 on Wednesday. The firm’s 50-day simple moving average is $138.38 and its 200 day simple moving average is $135.61. Arm Holdings plc has a fifty-two week low of $46.50 and a fifty-two week high of $188.75. The stock has a market cap of $159.88 billion and a price-to-earnings ratio of 391.24.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. During the same period last year, the business posted $0.24 earnings per share. ARM’s revenue was up 39.1% on a year-over-year basis. On average, sell-side analysts predict that Arm Holdings plc will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

ARM has been the topic of several analyst reports. Hsbc Global Res upgraded ARM to a “moderate sell” rating in a report on Monday, July 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, August 1st. TD Cowen raised shares of ARM to a “strong-buy” rating in a research note on Monday, September 16th. William Blair started coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Finally, Daiwa Capital Markets upgraded ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

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.