Union Bancaire Privee UBP SA Purchases Shares of 3,800 Arm Holdings plc (NASDAQ:ARM)

Union Bancaire Privee UBP SA purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,800 shares of the company's stock, valued at approximately $471,000.

Several other hedge funds have also recently added to or reduced their stakes in ARM. Blue Trust Inc. boosted its position in shares of ARM by 13.6% during the 4th quarter. Blue Trust Inc. now owns 1,662 shares of the company's stock valued at $205,000 after purchasing an additional 199 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of ARM by 13.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 3,932 shares of the company's stock worth $485,000 after buying an additional 453 shares in the last quarter. Juncture Wealth Strategies LLC boosted its holdings in shares of ARM by 39.0% during the 4th quarter. Juncture Wealth Strategies LLC now owns 2,488 shares of the company's stock worth $307,000 after buying an additional 698 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of ARM during the 4th quarter worth approximately $334,000. Finally, Berbice Capital Management LLC bought a new stake in shares of ARM in the 4th quarter valued at $49,000. Institutional investors own 7.53% of the company's stock.

ARM Price Performance

Shares of ARM traded up $6.32 during trading hours on Friday, hitting $159.55. The company's stock had a trading volume of 8,002,040 shares, compared to its average volume of 6,368,704. The business has a 50 day simple moving average of $141.82 and a two-hundred day simple moving average of $140.02. Arm Holdings plc has a 52-week low of $69.32 and a 52-week high of $188.75. The company has a market cap of $167.18 billion, a price-to-earnings ratio of 265.92, a PEG ratio of 6.90 and a beta of 4.53.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The business 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%. ARM's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Research analysts predict that Arm Holdings plc will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. TD Cowen raised their price target on shares of ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on ARM from $155.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Sanford C. Bernstein downgraded ARM from a "market perform" rating to an "underperform" rating and set a $100.00 price target on the stock. in a research note on Thursday, October 31st. Susquehanna raised their price objective on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, ARM currently has an average rating of "Moderate Buy" and a consensus 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.