Westwood Holdings Group Inc. Invests $2.41 Million in Arm Holdings plc (NASDAQ:ARM)

Westwood Holdings Group Inc. bought a new position in shares of Arm Holdings plc (NASDAQ:ARMFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,011 shares of the company’s stock, valued at approximately $2,405,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARM. Ancora Advisors LLC acquired a new position in ARM during the third quarter worth about $32,000. Bamco Inc. NY acquired a new position in ARM during the third quarter worth about $37,000. Westside Investment Management Inc. acquired a new position in ARM during the third quarter worth about $43,000. Northwest Financial Advisors acquired a new position in ARM during the fourth quarter worth about $46,000. Finally, DSM Capital Partners LLC acquired a new position in ARM during the fourth quarter worth about $50,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Susquehanna reiterated a “neutral” rating and issued a $85.00 target price on shares of ARM in a report on Thursday, April 4th. Mizuho lifted their target price on ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Sanford C. Bernstein boosted their price target on shares of ARM from $72.00 to $92.00 and gave the stock an “underperform” rating in a research note on Thursday, May 16th. KeyCorp upped their price objective on ARM from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price target on shares of ARM in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of 93.48.

View Our Latest Stock Analysis on ARM

ARM Stock Performance

Shares of NASDAQ:ARM opened at 136.57 on Monday. Arm Holdings plc has a 52 week low of 46.50 and a 52 week high of 164.00. The company has a 50-day moving average price of 114.59 and a 200 day moving average price of 101.44.

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. The company had revenue of 928.00 million during the quarter, compared to the consensus estimate of 865.94 million. ARM had a return on equity of 16.94% and a net margin of 9.46%. ARM’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. On average, research analysts forecast that Arm Holdings plc will post 0.85 EPS 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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