1,777 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Toronto Dominion Bank

Toronto Dominion Bank acquired a new stake in Arm Holdings plc (NASDAQ:ARM) during the third quarter, Holdings Channel reports. The firm acquired 1,777 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors have also added to or reduced their stakes in ARM. International Assets Investment Management LLC grew its position in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. grew its holdings in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after buying an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after buying an additional 233,909 shares during the period. Mark Asset Management LP lifted its holdings in shares of ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after buying an additional 29,686 shares in the last quarter. Finally, State Street Corp boosted its position in shares of ARM by 19.2% in the third quarter. State Street Corp now owns 221,854 shares of the company’s stock valued at $31,727,000 after acquiring an additional 35,720 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of ARM stock opened at $145.00 on Tuesday. The stock has a market capitalization of $151.94 billion, a P/E ratio of 241.67, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a one year low of $65.11 and a one year high of $188.75. The business’s 50 day simple moving average is $143.05 and its two-hundred day simple moving average is $143.78.

ARM (NASDAQ:ARM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. Sell-side analysts expect that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays lifted their price objective on ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. William Blair began coverage on ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Finally, UBS Group started coverage on ARM in a report on Monday, November 25th. They set a “buy” rating and a $160.00 price objective for the company. 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 issued a strong buy rating to the company. Based on data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

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.