Arm Holdings plc (NASDAQ:ARM) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 42.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,102 shares of the company's stock after buying an additional 7,790 shares during the quarter. Vontobel Holding Ltd.'s holdings in ARM were worth $3,733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ARM. Mark Sheptoff Financial Planning LLC bought a new stake in shares of ARM during the 1st quarter worth approximately $25,000. ORG Partners LLC purchased a new stake in ARM in the third quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in shares of ARM during the second quarter worth $33,000. RiverPark Advisors LLC boosted its stake in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock valued at $40,000 after purchasing an additional 77 shares during the period. Finally, Mather Group LLC. bought a new position in shares of ARM in the second quarter worth about $41,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARM. Guggenheim lifted their price objective on shares of ARM from $110.00 to $169.00 and gave the company a "buy" rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft boosted their price target on ARM from $82.00 to $105.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Rosenblatt Securities reissued a "buy" rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. Daiwa Capital Markets raised ARM from a "neutral" rating to an "outperform" rating and set a $130.00 target price for the company in a research report on Thursday, August 8th. Finally, Benchmark started coverage on ARM in a research report on Monday, September 16th. They set a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.91.

ARM Stock Down 1.0 %

Shares of ARM stock traded down $1.57 on Friday, reaching $153.03. 3,404,374 shares of the stock were exchanged, compared to its average volume of 11,257,027. Arm Holdings plc has a twelve month low of $46.50 and a twelve month high of $188.75. The business has a 50 day moving average price of $137.10 and a two-hundred day moving average price of $135.13. The firm has a market capitalization of $160.35 billion and a price-to-earnings ratio of 392.39.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $939.00 million during the quarter, compared to analysts' expectations of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The business's quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. Research analysts forecast that Arm Holdings plc will post 0.86 EPS for the current year.

ARM Company 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.