Gilbert & Cook Inc. Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Gilbert & Cook Inc. acquired a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,392 shares of the company's stock, valued at approximately $295,000.

Several other large investors have also bought and sold shares of ARM. ORG Partners LLC purchased a new stake in shares of ARM during the 3rd quarter valued at $29,000. Gilliland Jeter Wealth Management LLC increased its holdings in ARM by 83.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock worth $37,000 after acquiring an additional 117 shares during the last quarter. Quantbot Technologies LP purchased a new stake in ARM in the 3rd quarter worth about $52,000. Berbice Capital Management LLC purchased a new stake in ARM in the 4th quarter worth about $49,000. Finally, Farther Finance Advisors LLC increased its holdings in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after acquiring an additional 131 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ARM. Susquehanna raised their target price on ARM from $118.00 to $140.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on ARM from $144.00 to $159.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Sanford C. Bernstein downgraded 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. Barclays lifted their price target on ARM from $145.00 to $155.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Finally, Evercore ISI lifted their price target on ARM from $173.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $152.09.

ARM Price Performance

ARM stock traded down $3.90 during midday trading on Monday, hitting $155.65. The stock had a trading volume of 4,058,303 shares, compared to its average volume of 6,851,910. The business has a 50-day moving average of $141.82 and a two-hundred day moving average of $139.60. Arm Holdings plc has a 52-week low of $71.60 and a 52-week high of $188.75. The firm has a market cap of $163.09 billion, a price-to-earnings ratio of 259.42, a price-to-earnings-growth ratio of 7.46 and a beta of 4.56.

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

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.