Stifel Financial Corp Increases Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Stifel Financial Corp raised its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,170 shares of the company's stock after acquiring an additional 4,094 shares during the period. Stifel Financial Corp's holdings in ARM were worth $5,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ARM. ORG Partners LLC purchased a new stake in shares of ARM in the third quarter worth $29,000. Transcendent Capital Group LLC purchased a new stake in shares of ARM in the second quarter worth $33,000. Gilliland Jeter Wealth Management LLC grew its stake in shares of ARM by 83.0% in the third 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. RiverPark Advisors LLC grew its stake in shares of ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock worth $40,000 after acquiring an additional 77 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of ARM in the second quarter worth $47,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Up 2.6 %

NASDAQ ARM traded up $3.91 during trading on Friday, hitting $151.91. 8,140,439 shares of the stock traded hands, compared to its average volume of 10,298,124. The company has a market capitalization of $159.18 billion, a P/E ratio of 253.18, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. The firm has a 50-day simple moving average of $142.98 and a 200-day simple moving average of $143.45. 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 announced its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analysts' expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, research analysts predict that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of research analyst reports. William Blair initiated coverage on ARM in a report on Wednesday, September 18th. They set an "outperform" rating on the stock. TD Cowen upped their price target on ARM from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays upped their price target on ARM from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on ARM from $144.00 to $159.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Raymond James began coverage on ARM in a report on Friday, September 13th. They issued an "outperform" rating and a $160.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.32.

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.