Commerce Bank Takes $276,000 Position in Arm Holdings plc (NASDAQ:ARM)

Commerce Bank bought a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,928 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. KP Management LLC increased its position in ARM by 28.6% during the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after buying an additional 10,000 shares during the period. Willner & Heller LLC increased its position in ARM by 193.7% during the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after acquiring an additional 4,484 shares during the period. United Advisor Group LLC bought a new position in ARM during the third quarter worth about $545,000. Mizuho Securities Co. Ltd. raised its stake in ARM by 156.3% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock worth $3,011,000 after purchasing an additional 11,220 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in ARM by 312.9% in the 3rd quarter. Stephens Inc. AR now owns 13,770 shares of the company’s stock valued at $1,969,000 after purchasing an additional 10,435 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of ARM in a research report on Monday. They issued a “buy” rating and a $160.00 price target for the company. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, August 8th. Evercore ISI boosted their price target on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. Finally, Wells Fargo & Company initiated coverage on shares of ARM in a research report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.32.

ARM Trading Down 2.5 %

Shares of ARM stock opened at $133.37 on Thursday. The firm has a market capitalization of $139.75 billion, a price-to-earnings ratio of 222.29, a PEG ratio of 6.97 and a beta of 5.40. The business’s 50-day moving average price is $143.22 and its 200-day moving average price is $141.27. Arm Holdings plc has a 12 month low of $60.37 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) 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 firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same period in the previous year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Arm Holdings plc will post 0.79 earnings per share 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.