B. Riley Wealth Advisors Inc. Takes $1.29 Million Position in ARM Holdings PLC Sponsored ADR $ARM

B. Riley Wealth Advisors Inc. purchased a new position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,994 shares of the company’s stock, valued at approximately $1,293,000.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in ARM during the first quarter worth $28,000. Huntington National Bank acquired a new position in shares of ARM during the 2nd quarter worth $30,000. FWL Investment Management LLC bought a new stake in shares of ARM during the 2nd quarter worth $34,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in ARM in the second quarter valued at about $39,000. Finally, ORG Partners LLC bought a new position in ARM in the second quarter valued at about $48,000. 7.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ARM shares. Evercore ISI increased their target price on shares of ARM from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. UBS Group dropped their price objective on shares of ARM from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Cowen restated a “buy” rating on shares of ARM in a research report on Thursday, November 6th. Benchmark reiterated a “hold” rating on shares of ARM in a report on Thursday, November 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average target price of $177.80.

ARM Stock Performance

ARM stock opened at $124.37 on Tuesday. The firm has a market cap of $131.40 billion, a price-to-earnings ratio of 159.45, a PEG ratio of 7.84 and a beta of 4.24. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $183.16. The firm has a 50 day moving average price of $151.71 and a two-hundred day moving average price of $147.53.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. ARM had a net margin of 18.81% and a return on equity of 15.03%. ARM’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, equities research analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

ARM Profile

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.