Callan Capital LLC Purchases New Holdings in Arm Holdings plc (NASDAQ:ARM)

Callan Capital LLC purchased a new stake in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,606 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors have also made changes to their positions in the company. Hoey Investments Inc. bought a new stake in ARM during the third quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ARM by 49.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,555 shares of the company’s stock worth $117,000 after purchasing an additional 514 shares during the last quarter. Centerpoint Advisors LLC bought a new stake in ARM during the third quarter worth $32,000. Ancora Advisors LLC bought a new stake in ARM during the third quarter worth $32,000. Finally, Bamco Inc. NY bought a new stake in ARM during the third quarter worth $37,000. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARM. New Street Research restated a “neutral” rating and set a $110.00 target price on shares of ARM in a research note on Tuesday, February 27th. Susquehanna reiterated a “neutral” rating and issued a $85.00 price target on shares of ARM in a research note on Thursday, April 4th. KeyCorp increased their price target on ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Barclays increased their price target on ARM from $65.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, TD Cowen increased their price target on ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, ARM presently has a consensus rating of “Hold” and an average target price of 90.28.

ARM Stock Performance

Shares of ARM traded up 4.02 during trading hours on Friday, hitting 101.95. The stock had a trading volume of 5,651,600 shares, compared to its average volume of 14,613,322. The firm has a 50 day simple moving average of 125.07 and a 200-day simple moving average of 87.90. Arm Holdings plc has a 1-year low of 46.50 and a 1-year high of 164.00.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, beating the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to analyst estimates of 762.50 million. The business’s revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Arm Holdings plc will post 0.36 EPS for the current fiscal year.

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.