5,850 Shares in Arm Holdings plc (NASDAQ:ARM) Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. purchased a new stake in Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,850 shares of the company’s stock, valued at approximately $440,000.

A number of other hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in shares of ARM by 42.3% in the 4th quarter. Russell Investments Group Ltd. now owns 519,619 shares of the company’s stock worth $39,047,000 after purchasing an additional 154,460 shares during the last quarter. Callan Capital LLC acquired a new position in shares of ARM in the 4th quarter valued at about $271,000. Pittenger & Anderson Inc. boosted its holdings in shares of ARM by 2,500.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 2,080 shares of the company’s stock valued at $156,000 after buying an additional 2,000 shares during the period. Atria Wealth Solutions Inc. acquired a new position in ARM during the 4th quarter valued at about $665,000. Finally, Bfsg LLC acquired a new position in ARM during the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. The Goldman Sachs Group boosted their price target on ARM from $95.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI initiated coverage on ARM in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $156.00 price objective on the stock. Susquehanna reissued a “neutral” rating and issued a $85.00 price target on shares of ARM in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ARM from $70.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, ARM has a consensus rating of “Hold” and an average price target of 92.08.

ARM Stock Down 2.0 %

ARM stock traded down 2.03 during midday trading on Tuesday, reaching 101.21. The company had a trading volume of 3,770,100 shares, compared to its average volume of 14,354,920. The stock has a 50 day moving average price of 124.15 and a 200-day moving average price of 89.08. Arm Holdings plc has a 1-year low of 46.50 and a 1-year high of 164.00.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, topping the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million for the quarter, compared to the consensus estimate of 762.50 million. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts anticipate that Arm Holdings plc will post 0.36 EPS for the current fiscal year.

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.