Arm Holdings plc (NASDAQ:ARM) Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC lowered its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 50.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 150,000 shares of the company's stock after selling 150,000 shares during the quarter. ARM makes up about 2.2% of Telemark Asset Management LLC's investment portfolio, making the stock its 12th largest holding. Telemark Asset Management LLC's holdings in ARM were worth $21,452,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ARM. Transcendent Capital Group LLC bought a new stake in ARM during the second quarter worth about $33,000. ORG Partners LLC purchased a new stake in shares of ARM in the 3rd quarter worth approximately $29,000. RiverPark Advisors LLC increased its position in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock valued at $40,000 after buying an additional 77 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of ARM in the second quarter worth $41,000. Finally, Gilliland Jeter Wealth Management LLC increased its holdings 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 valued at $37,000 after acquiring an additional 117 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Raymond James initiated coverage on ARM in a report on Friday, September 13th. They set an "outperform" rating and a $160.00 price target on the stock. Daiwa Capital Markets upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $130.00 target price for the company in a research report on Thursday, August 8th. Sanford C. Bernstein downgraded ARM from a "market perform" rating to an "underperform" rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. Susquehanna upped their price target on ARM from $115.00 to $118.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Benchmark started coverage on ARM in a research note on Monday, September 16th. They set a "hold" rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $149.86.

ARM Stock Performance

ARM traded up $2.85 during trading on Friday, hitting $135.99. 3,323,013 shares of the stock were exchanged, compared to its average volume of 10,659,674. The firm has a 50 day simple moving average of $143.52 and a 200 day simple moving average of $140.20. The firm has a market cap of $142.49 billion, a price-to-earnings ratio of 221.75, a P/E/G ratio of 6.64 and a beta of 5.40. Arm Holdings plc has a 1 year low of $60.37 and a 1 year high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. As a group, equities analysts anticipate that Arm Holdings plc will post 0.79 earnings per share 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.