2,707 Shares in Arm Holdings plc (NASDAQ:ARM) Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. purchased a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,707 shares of the company's stock, valued at approximately $334,000.

A number of other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in ARM during the 3rd quarter worth $29,000. Gilliland Jeter Wealth Management LLC lifted 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 worth $37,000 after purchasing an additional 117 shares during the period. Berbice Capital Management LLC bought a new stake in shares of ARM in the fourth quarter worth $49,000. Quantbot Technologies LP bought a new stake in shares of ARM in the 3rd quarter valued at about $52,000. Finally, Farther Finance Advisors LLC raised its holdings in ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ARM shares. Loop Capital boosted their price target on ARM from $130.00 to $180.00 and gave the company a "buy" rating in a research note on Monday, November 11th. TD Cowen lifted their price target on shares of ARM from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on ARM from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Sanford C. Bernstein cut ARM from a "market perform" rating to an "underperform" rating and set a $100.00 price target for the company. in a research report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.09.

ARM Stock Up 4.5 %

NASDAQ:ARM traded up $6.66 on Thursday, reaching $154.26. The company's stock had a trading volume of 2,148,326 shares, compared to its average volume of 6,811,291. The firm has a market cap of $161.64 billion, a price-to-earnings ratio of 257.13, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53. Arm Holdings plc has a 12-month low of $69.32 and a 12-month high of $188.75. The stock has a 50 day moving average price of $140.94 and a 200 day moving average price of $140.06.

ARM (NASDAQ:ARM - Get Free Report) last issued 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 for 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%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. Equities research analysts expect that Arm Holdings plc will post 0.84 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.