Arm Holdings plc (NASDAQ:ARM) Stock Position Lessened by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its stake in Arm Holdings plc (NASDAQ:ARM) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,930 shares of the company’s stock after selling 912 shares during the quarter. Exchange Traded Concepts LLC’s holdings in ARM were worth $4,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in shares of ARM during the 4th quarter valued at $49,000. Veracity Capital LLC lifted its stake in ARM by 15.7% during the fourth quarter. Veracity Capital LLC now owns 3,558 shares of the company’s stock valued at $439,000 after purchasing an additional 484 shares during the last quarter. SG Americas Securities LLC bought a new stake in ARM during the fourth quarter worth approximately $22,705,000. MCF Advisors LLC acquired a new position in ARM in the fourth quarter worth approximately $83,000. Finally, Atomi Financial Group Inc. bought a new position in shares of ARM in the fourth quarter valued at $270,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $162.52 on Friday. Arm Holdings plc has a 52-week low of $69.32 and a 52-week high of $188.75. The stock has a market capitalization of $170.29 billion, a price-to-earnings ratio of 270.87, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53. The company has a 50-day moving average of $139.32 and a two-hundred day moving average of $141.18.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping 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 return on equity of 13.69% and a net margin of 18.13%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. Equities analysts expect that Arm Holdings plc will post 0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARM. TD Cowen raised their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Susquehanna boosted their price objective on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday. 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 research note on Thursday, October 31st. Loop Capital lifted their target price on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ARM has an average rating of “Moderate Buy” and a consensus price target of $152.09.

ARM Company 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.