Cherry Creek Investment Advisors Inc. Grows Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Cherry Creek Investment Advisors Inc. grew its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 121.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,840 shares of the company's stock after acquiring an additional 2,652 shares during the period. Cherry Creek Investment Advisors Inc.'s holdings in ARM were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its stake in shares of ARM by 14.0% during the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company's stock valued at $90,000 after buying an additional 77 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company's stock valued at $1,359,000 after buying an additional 100 shares during the last quarter. Hobbs Group Advisors LLC grew its stake in shares of ARM by 7.4% during the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company's stock valued at $208,000 after buying an additional 100 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company's stock valued at $281,000 after buying an additional 102 shares during the last quarter. Finally, Crescent Sterling Ltd. grew its stake in shares of ARM by 6.5% during the fourth quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company's stock valued at $232,000 after buying an additional 114 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of NASDAQ ARM traded up $3.51 during midday trading on Tuesday, reaching $149.47. 5,561,961 shares of the stock were exchanged, compared to its average volume of 7,326,311. The company has a 50 day simple moving average of $140.34 and a 200 day simple moving average of $140.23. The stock has a market capitalization of $156.62 billion, a P/E ratio of 249.12, a PEG ratio of 8.41 and a beta of 4.53. Arm Holdings plc has a twelve month low of $69.32 and a twelve month high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, research analysts expect that Arm Holdings plc will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company upped 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. Susquehanna boosted their price target on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price target on ARM from $144.00 to $159.00 and gave the company a "buy" rating in a report on Thursday, November 7th. UBS Group assumed coverage on ARM in a report on Monday, November 25th. They issued a "buy" rating and a $160.00 price target for the company. Finally, Barclays boosted their price target on ARM from $145.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.09.

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.