Sequoia Financial Advisors LLC Buys Shares of 5,348 Arm Holdings plc (NASDAQ:ARM)

Sequoia Financial Advisors LLC bought a new stake in Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,348 shares of the company’s stock, valued at approximately $402,000.

Several other large investors also recently bought and sold shares of the company. Hoey Investments Inc. acquired a new stake in shares of ARM during the third quarter valued at $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of ARM during the third quarter valued at $27,000. Centerpoint Advisors LLC acquired a new stake in shares of ARM during the third quarter valued at $32,000. Ancora Advisors LLC acquired a new stake in shares of ARM during the third quarter valued at $32,000. Finally, Bamco Inc. NY acquired a new stake in shares of ARM during the third quarter valued at $37,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 12.0 %

Shares of NASDAQ:ARM opened at 107.56 on Thursday. Arm Holdings plc has a one year low of 46.50 and a one year high of 164.00. The business’s 50-day simple moving average is 129.18 and its 200 day simple moving average is 85.98.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, beating analysts’ consensus estimates of 0.25 by 0.04. The business had revenue of 824.00 million for the quarter, compared to analyst estimates of 762.50 million. The business’s revenue was up 13.8% on a year-over-year basis. On average, analysts expect that Arm Holdings plc will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

ARM has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on ARM from $95.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. TD Cowen increased their price objective on ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Mizuho increased their target price on ARM from $100.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. increased their target price on ARM from $70.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Evercore ISI initiated coverage on ARM in a research report on Tuesday. They set an “outperform” rating and a $156.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, ARM has a consensus rating of “Moderate Buy” and an average price target of 89.88.

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.