Clarus Wealth Advisors Invests $732,000 in Arm Holdings plc (NASDAQ:ARM)

Clarus Wealth Advisors purchased a new position in Arm Holdings plc (NASDAQ:ARM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,930 shares of the company's stock, valued at approximately $732,000.

A number of other large investors have also made changes to their positions in the business. American Century Companies Inc. purchased a new position in shares of ARM in the second quarter worth $5,885,000. Envestnet Asset Management Inc. raised its stake in ARM by 20.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 37,902 shares of the company's stock worth $6,202,000 after acquiring an additional 6,311 shares during the last quarter. Rathbones Group PLC grew its stake in ARM by 59.8% during the 2nd quarter. Rathbones Group PLC now owns 12,330 shares of the company's stock valued at $2,017,000 after purchasing an additional 4,614 shares during the last quarter. STF Management LP acquired a new position in shares of ARM in the second quarter valued at about $310,000. Finally, WealthPLAN Partners LLC raised its stake in shares of ARM by 63.5% in the second quarter. WealthPLAN Partners LLC now owns 3,210 shares of the company's stock worth $525,000 after purchasing an additional 1,247 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Trading Up 5.2 %

NASDAQ:ARM traded up $7.34 during trading hours on Wednesday, hitting $147.40. 4,840,339 shares of the stock were exchanged, compared to its average volume of 4,623,573. The firm's fifty day moving average price is $137.34 and its 200 day moving average price is $141.38. Arm Holdings plc has a 52-week low of $66.66 and a 52-week high of $188.75. The company has a market cap of $154.45 billion, a P/E ratio of 245.67, a P/E/G ratio of 7.15 and a beta of 4.53.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period in the prior year, the company earned $0.36 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. Equities analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ARM. William Blair started coverage on ARM in a research report on Wednesday, September 18th. They issued an "outperform" rating on the stock. Susquehanna increased their price objective on shares of ARM from $115.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of ARM from $140.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Barclays increased their price target on ARM from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on ARM from $155.00 to $162.00 and gave the company an "overweight" rating in a report on Monday. Two 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 has a consensus rating of "Moderate Buy" and a consensus price target of $150.64.

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.