Atria Wealth Solutions Inc. Takes $665,000 Position in Arm Holdings plc (NASDAQ:ARM)

Atria Wealth Solutions Inc. bought a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,846 shares of the company’s stock, valued at approximately $665,000.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in ARM during the 3rd quarter valued at $170,000. Commonwealth Equity Services LLC acquired a new position in ARM in the third quarter worth about $629,000. Cambridge Investment Research Advisors Inc. bought a new stake in ARM in the third quarter valued at about $837,000. Bank of New York Mellon Corp bought a new position in ARM during the 3rd quarter worth approximately $300,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of ARM in the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Performance

Shares of NASDAQ ARM opened at 101.70 on Friday. Arm Holdings plc has a 52-week low of 46.50 and a 52-week high of 164.00. The stock’s fifty day simple moving average is 122.35 and its 200 day simple moving average is 89.53.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, beating analysts’ consensus estimates of 0.25 by 0.04. The firm had revenue of 824.00 million for the quarter, compared to analysts’ expectations of 762.50 million. The firm’s revenue was up 13.8% compared to the same quarter last year. Analysts predict that Arm Holdings plc will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ARM shares. Susquehanna reissued a “neutral” rating and set a $85.00 price target on shares of ARM in a research report on Thursday, April 4th. TD Cowen lifted their price target on shares of ARM from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Daiwa Capital Markets cut shares of ARM from a “buy” rating to a “neutral” rating and raised their target price for the stock from $63.00 to $130.00 in a report on Friday, February 16th. BNP Paribas lowered ARM from an “outperform” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Friday, April 19th. Finally, The Goldman Sachs Group raised their price target on ARM from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of 92.08.

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.