Claro Advisors LLC Buys 292 Shares of Arm Holdings plc (NASDAQ:ARM)

Claro Advisors LLC boosted its stake in Arm Holdings plc (NASDAQ:ARM) by 16.6% in the third quarter, HoldingsChannel reports. The firm owned 2,051 shares of the company’s stock after buying an additional 292 shares during the period. Claro Advisors LLC’s holdings in ARM were worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARM. Transcendent Capital Group LLC acquired a new stake in shares of ARM in the 2nd quarter valued at about $33,000. ORG Partners LLC bought a new position in ARM in the third quarter worth approximately $29,000. RiverPark Advisors LLC grew its stake in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after acquiring an additional 77 shares during the period. Mather Group LLC. bought a new stake in shares of ARM during the second quarter valued at approximately $41,000. Finally, Gilliland Jeter Wealth Management LLC raised its position in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after purchasing an additional 117 shares during the period. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of NASDAQ ARM opened at $128.66 on Tuesday. The business’s fifty day moving average price is $143.67 and its 200-day moving average price is $140.07. Arm Holdings plc has a one year low of $55.27 and a one year high of $188.75. The stock has a market capitalization of $134.81 billion, a PE ratio of 214.44, a P/E/G ratio of 6.43 and a beta of 5.40.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. As a group, equities analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ARM. Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a research report on Monday, July 29th. Evercore ISI lifted their price objective on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays upped their target price on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and an average 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.