Milestone Resources Group Ltd Sells 3,545 Shares of Arm Holdings plc (NASDAQ:ARM)

Milestone Resources Group Ltd trimmed its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 59.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,425 shares of the company's stock after selling 3,545 shares during the period. ARM makes up about 0.0% of Milestone Resources Group Ltd's investment portfolio, making the stock its 26th biggest position. Milestone Resources Group Ltd's holdings in ARM were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARM. RiverPark Advisors LLC grew its holdings in shares of ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock worth $40,000 after purchasing an additional 77 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company's stock worth $90,000 after acquiring an additional 77 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in ARM by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company's stock valued at $1,359,000 after purchasing an additional 100 shares in the last quarter. Hobbs Group Advisors LLC increased its stake in shares of ARM by 7.4% in 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 in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its position in ARM by 5.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company's stock worth $281,000 after buying an additional 102 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ARM. William Blair began coverage on shares of ARM in a report on Wednesday, September 18th. They issued an "outperform" rating for the company. UBS Group initiated coverage on shares of ARM in a report on Monday, November 25th. They set a "buy" rating and a $160.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Benchmark began coverage on ARM in a research note on Monday, September 16th. They issued a "hold" rating on the stock. Finally, Loop Capital upped their price objective on ARM from $130.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $150.32.

ARM Trading Up 2.6 %

ARM stock traded up $3.91 during mid-day trading on Friday, reaching $151.91. The company's stock had a trading volume of 8,135,168 shares, compared to its average volume of 10,298,124. The business's 50 day moving average price is $142.75 and its 200 day moving average price is $143.06. The company has a market cap of $159.18 billion, a price-to-earnings ratio of 246.67, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a 12 month low of $65.11 and a 12 month high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same quarter in the prior year, the business posted $0.36 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Arm Holdings plc will post 0.79 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.