Arm Holdings plc (NASDAQ:ARM) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its position in Arm Holdings plc (NASDAQ:ARM) by 28.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,300 shares of the company’s stock after selling 900 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in ARM were worth $329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in 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 acquiring an additional 806,676 shares during the period. Sei Investments Co. boosted its holdings in ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in ARM by 186.8% in 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 in the last quarter. Marsico Capital Management LLC acquired a new position in shares of ARM in the second quarter worth about $33,207,000. Finally, ProShare Advisors LLC purchased a new stake in shares of ARM during the 2nd quarter worth about $16,611,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 5.6 %

ARM opened at $128.73 on Friday. The firm has a market cap of $134.89 billion, a price-to-earnings ratio of 214.55, a PEG ratio of 6.75 and a beta of 5.40. The stock’s 50-day moving average price is $143.60 and its 200 day moving average price is $139.28. Arm Holdings plc has a 12-month low of $53.47 and a 12-month high of $188.75.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James assumed coverage on ARM in a research report on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective for the company. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research note on Thursday, October 31st. TD Cowen lifted their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Benchmark initiated coverage on ARM in a research note on Monday, September 16th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.95.

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.