Arm Holdings plc (NASDAQ:ARM) Shares Acquired by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC grew its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,171 shares of the company's stock after purchasing an additional 5,183 shares during the period. GPS Wealth Strategies Group LLC's holdings in ARM were worth $2,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC purchased a new stake in ARM in the 3rd quarter valued at about $29,000. Gilliland Jeter Wealth Management LLC grew its holdings in ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock valued at $37,000 after purchasing an additional 117 shares during the period. Berbice Capital Management LLC acquired a new position in ARM during the fourth quarter worth approximately $49,000. Quantbot Technologies LP purchased a new position in ARM during the third quarter worth approximately $52,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock valued at $60,000 after purchasing an additional 131 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ARM shares. The Goldman Sachs Group increased their target price on ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barclays lifted their price objective on ARM from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Wells Fargo & Company increased their target price on shares of ARM from $155.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. UBS Group assumed coverage on shares of ARM in a research report on Monday, November 25th. They set a "buy" rating and a $160.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.09.

ARM Stock Up 4.1 %

Shares of NASDAQ:ARM traded up $6.32 on Friday, reaching $159.55. 8,002,040 shares of the company's stock were exchanged, compared to its average volume of 6,368,704. Arm Holdings plc has a fifty-two week low of $69.32 and a fifty-two week high of $188.75. The business's 50-day moving average is $141.82 and its two-hundred day moving average is $139.75. The firm has a market capitalization of $167.18 billion, a price-to-earnings ratio of 265.92, a PEG ratio of 6.90 and a beta of 4.53.

ARM (NASDAQ:ARM - Get Free Report) last issued its 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 firm 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%. ARM's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. Analysts predict that Arm Holdings plc will post 0.84 earnings per share for the current fiscal 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.