Arm Holdings plc (NASDAQ:ARM) Shares Bought by Sigma Planning Corp

Sigma Planning Corp lifted its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 878.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,001 shares of the company's stock after purchasing an additional 15,264 shares during the quarter. Sigma Planning Corp's holdings in ARM were worth $2,431,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in ARM by 1,095.6% in the third quarter. Lindbrook Capital LLC now owns 1,901 shares of the company's stock valued at $272,000 after purchasing an additional 1,742 shares during the period. SpiderRock Advisors LLC boosted its stake in shares of ARM by 1.2% in the third quarter. SpiderRock Advisors LLC now owns 11,238 shares of the company's stock worth $1,607,000 after acquiring an additional 138 shares during the last quarter. Quantum Private Wealth LLC boosted its stake in shares of ARM by 288.7% in the third quarter. Quantum Private Wealth LLC now owns 9,462 shares of the company's stock worth $1,353,000 after acquiring an additional 7,028 shares during the last quarter. Lewis Asset Management LLC acquired a new stake in shares of ARM in the third quarter worth approximately $215,000. Finally, Ascent Wealth Partners LLC acquired a new position in ARM during the third quarter worth $2,822,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Down 1.4 %

Shares of NASDAQ:ARM traded down $2.05 during midday trading on Tuesday, reaching $139.92. The company's stock had a trading volume of 4,259,874 shares, compared to its average volume of 10,875,908. The firm has a market cap of $146.61 billion, a price-to-earnings ratio of 233.44, a price-to-earnings-growth ratio of 6.72 and a beta of 5.40. Arm Holdings plc has a 1 year low of $50.57 and a 1 year high of $188.75. The business has a 50 day moving average price of $142.50 and a 200 day moving average price of $138.88.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The firm had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Arm Holdings plc will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ARM. Barclays lifted their target price on ARM from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on ARM from $140.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on ARM from $144.00 to $159.00 and gave the company a "buy" rating in a 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 objective on the stock. in a 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 analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ARM has an average rating of "Moderate Buy" and a consensus price target of $147.95.

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.