Cerity Partners LLC Has $1.57 Million Position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Cerity Partners LLC increased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARMFree Report) by 19.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,671 shares of the company’s stock after buying an additional 2,358 shares during the period. Cerity Partners LLC’s holdings in ARM were worth $1,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ARM. TFC Financial Management Inc. boosted its position in shares of ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 165 shares during the period. GeoWealth Management LLC lifted its position in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the period. Colonial Trust Co SC bought a new position in ARM in the fourth quarter worth $40,000. MorganRosel Wealth Management LLC bought a new position in ARM in the first quarter worth $53,000. Finally, Valley National Advisers Inc. lifted its position in ARM by 24.5% in the first quarter. Valley National Advisers Inc. now owns 763 shares of the company’s stock worth $81,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $161.92 on Tuesday. The stock’s 50 day moving average is $141.67 and its 200 day moving average is $133.37. The firm has a market cap of $171.07 billion, a P/E ratio of 215.89, a P/E/G ratio of 9.04 and a beta of 4.19. ARM Holdings PLC Sponsored ADR has a one year low of $80.00 and a one year high of $182.88.

ARM (NASDAQ:ARMGet Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. ARM had a return on equity of 17.97% and a net margin of 19.76%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. Equities analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of research analyst reports. TD Cowen cut their price target on ARM from $200.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, May 8th. UBS Group boosted their price objective on ARM from $155.00 to $185.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley dropped their price objective on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Loop Capital dropped their price objective on ARM from $195.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. dropped their price objective on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and an average target price of $161.04.

Check Out Our Latest Research Report on ARM

ARM Company Profile

(Free Report)

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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