Berbice Capital Management LLC Acquires Shares of 400 Arm Holdings plc (NASDAQ:ARM)

Berbice Capital Management LLC acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 400 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors have also added to or reduced their stakes in ARM. ORG Partners LLC purchased a new position in shares of ARM in the third quarter valued at $29,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares in the last quarter. Quantbot Technologies LP purchased a new position in ARM during the third quarter worth $52,000. Farther Finance Advisors LLC boosted its stake in ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the period. Finally, First Community Trust NA purchased a new position in ARM during the third quarter worth $70,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of ARM stock opened at $167.11 on Friday. The company has a market cap of $175.11 billion, a price-to-earnings ratio of 276.48, a PEG ratio of 8.41 and a beta of 4.53. The stock has a 50 day simple moving average of $139.32 and a 200-day simple moving average of $141.18. Arm Holdings plc has a 1-year low of $69.32 and a 1-year high of $188.75.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period in the prior year, the company posted $0.36 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on ARM. The Goldman Sachs Group lifted their price objective on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on shares of ARM in a research note on Monday, November 25th. They set a “buy” rating and a $160.00 price objective for the company. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a research report on Thursday, October 31st. Wells Fargo & Company lifted their target price on ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their target price on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.09.

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.