5,400 Shares in Arm Holdings plc (NASDAQ:ARM) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,400 shares of the company’s stock, valued at approximately $772,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ORG Partners LLC bought a new position in shares of ARM during the third quarter worth $29,000. Transcendent Capital Group LLC bought a new position in shares of ARM during the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC grew its position in shares of ARM by 83.0% during 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 in the last quarter. RiverPark Advisors LLC increased its holdings 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 purchasing an additional 77 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of ARM in the second quarter worth about $41,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $135.99 on Friday. Arm Holdings plc has a 1-year low of $60.37 and a 1-year high of $188.75. The business has a 50-day moving average price of $143.30 and a 200 day moving average price of $140.63. The company has a market capitalization of $142.49 billion, a P/E ratio of 226.65, a PEG ratio of 6.65 and a beta of 5.40.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million for 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. On average, analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ARM shares. Raymond James assumed coverage on ARM in a report on Friday, September 13th. They set an “outperform” rating and a $160.00 price target for the company. JPMorgan Chase & Co. boosted their price target 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. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. William Blair started coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Finally, Hsbc Global Res raised shares of ARM to a “moderate sell” rating in a report on Monday, July 29th. Two equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.86.

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.