CIBC Private Wealth Group LLC Takes $1.27 Million Position in Arm Holdings plc (NASDAQ:ARM)

CIBC Private Wealth Group LLC purchased a new position in shares of Arm Holdings plc (NASDAQ:ARMFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,945 shares of the company’s stock, valued at approximately $1,273,000.

A number of other large investors have also bought and sold shares of ARM. Jennison Associates LLC raised its position in ARM by 15.7% during the 4th quarter. Jennison Associates LLC now owns 7,346,660 shares of the company’s stock valued at $552,065,000 after purchasing an additional 994,551 shares during the last quarter. FMR LLC bought a new position in shares of ARM during the third quarter valued at approximately $242,812,000. Wellington Management Group LLP purchased a new stake in ARM in the third quarter worth $152,896,000. Invesco Ltd. bought a new stake in ARM in the third quarter valued at $143,092,000. Finally, Loomis Sayles & Co. L P purchased a new position in ARM during the 3rd quarter valued at $57,004,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARM has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, May 9th. Mizuho lifted their price objective on ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 target price on shares of ARM in a research report on Monday, May 6th. New Street Research restated a “neutral” rating and set a $110.00 price target on shares of ARM in a research report on Tuesday, February 27th. Finally, BNP Paribas downgraded ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price objective for the company. in a report on Friday, April 19th. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of 93.48.

Check Out Our Latest Research Report on ARM

ARM Stock Performance

Shares of NASDAQ:ARM opened at 136.57 on Monday. The firm has a fifty day moving average price of 114.59 and a 200 day moving average price of 101.44. Arm Holdings plc has a fifty-two week low of 46.50 and a fifty-two week high of 164.00.

ARM (NASDAQ:ARMGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported 0.36 EPS for the quarter, beating analysts’ consensus estimates of 0.30 by 0.06. ARM had a return on equity of 16.94% and a net margin of 9.46%. The firm had revenue of 928.00 million for the quarter, compared to analysts’ expectations of 865.94 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 46.6% on a year-over-year basis. Research analysts expect that Arm Holdings plc will post 0.85 earnings per share for the current fiscal year.

ARM Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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