Arm Holdings plc (NASDAQ:ARM) Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,814 shares of the company’s stock after buying an additional 125 shares during the period. Focus Financial Network Inc.’s holdings in ARM were worth $545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its position in ARM by 312.9% in the 3rd quarter. Stephens Inc. AR now owns 13,770 shares of the company’s stock valued at $1,969,000 after buying an additional 10,435 shares during the period. Tyche Wealth Partners LLC purchased a new position in ARM in the 3rd quarter valued at approximately $272,000. Integrated Advisors Network LLC boosted its position in ARM by 9.4% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,937 shares of the company’s stock valued at $277,000 after buying an additional 167 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in ARM by 123.2% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,587 shares of the company’s stock valued at $227,000 after buying an additional 876 shares during the period. Finally, Traynor Capital Management Inc. boosted its position in ARM by 2,847.3% in the 3rd quarter. Traynor Capital Management Inc. now owns 1,621 shares of the company’s stock valued at $232,000 after buying an additional 1,566 shares during the period. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

NASDAQ ARM opened at $141.48 on Friday. The firm has a market cap of $148.25 billion and a PE ratio of 362.78. Arm Holdings plc has a one year low of $49.82 and a one year high of $188.75. The firm’s fifty day moving average is $140.91 and its two-hundred day moving average is $136.68.

ARM (NASDAQ:ARM) last posted its quarterly earnings data 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 net margin of 12.12% and a return on equity of 18.97%. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. During the same period in the previous year, the business posted $0.24 earnings per share. ARM’s quarterly revenue was up 39.1% on a year-over-year basis. Research analysts predict that Arm Holdings plc will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ARM shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a research report on Monday, July 29th. Raymond James started coverage on shares of ARM in a research report on Friday, September 13th. They set an “outperform” rating and a $160.00 price objective for the company. TD Cowen raised shares of ARM to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.