Arm Holdings plc (NASDAQ:ARM) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. reduced its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,410 shares of the company’s stock after selling 525 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in ARM were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in shares of ARM by 29.2% in the third quarter. PNC Financial Services Group Inc. now owns 9,992 shares of the company’s stock valued at $1,429,000 after purchasing an additional 2,256 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in ARM in the 3rd quarter valued at approximately $772,000. Banque Cantonale Vaudoise grew its holdings in ARM by 94.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,865 shares of the company’s stock valued at $553,000 after buying an additional 1,874 shares during the last quarter. Claro Advisors LLC increased its position in ARM by 16.6% during the third quarter. Claro Advisors LLC now owns 2,051 shares of the company’s stock worth $293,000 after buying an additional 292 shares in the last quarter. Finally, LJI Wealth Management LLC acquired a new position in shares of ARM in the third quarter worth $629,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of ARM stock opened at $133.06 on Wednesday. Arm Holdings plc has a 1 year low of $55.27 and a 1 year high of $188.75. The firm’s 50-day simple moving average is $143.78 and its 200-day simple moving average is $140.30. The firm has a market cap of $139.42 billion, a PE ratio of 221.77, a price-to-earnings-growth ratio of 6.43 and a beta of 5.40.

ARM (NASDAQ:ARM) last released its quarterly earnings data 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 the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. William Blair began coverage on shares of ARM in a report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Citigroup raised their target price on shares of ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. HSBC lowered ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Finally, Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average target price of $147.95.

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.