Arm Holdings plc (NASDAQ:ARM) Shares Acquired by RFG Holdings Inc.

RFG Holdings Inc. raised its position in shares of Arm Holdings plc (NASDAQ:ARM) by 80.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,725 shares of the company’s stock after acquiring an additional 1,217 shares during the period. RFG Holdings Inc.’s holdings in ARM were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ARM. Valley National Advisers Inc. increased its holdings in ARM by 13.3% in 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 in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of ARM by 14.0% in the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after buying an additional 77 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of ARM by 1.1% in the third 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 raised its holdings in shares of ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after buying an additional 100 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its position in ARM by 5.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after acquiring an additional 102 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Up 0.3 %

Shares of ARM stock opened at $156.09 on Tuesday. Arm Holdings plc has a 12-month low of $71.60 and a 12-month high of $188.75. The stock’s fifty day moving average is $141.82 and its 200-day moving average is $139.60. The firm has a market capitalization of $163.56 billion, a PE ratio of 260.48, a price-to-earnings-growth 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business 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 firm earned $0.36 earnings per share. Analysts expect that Arm Holdings plc will post 0.84 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Susquehanna increased their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a report on Thursday, October 31st. TD Cowen increased their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Evercore ISI lifted their price objective on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.09.

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.