International Assets Investment Management LLC Purchases 806,676 Shares of Arm Holdings plc (NASDAQ:ARM)

International Assets Investment Management LLC boosted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 14,351.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 812,297 shares of the company’s stock after purchasing an additional 806,676 shares during the period. International Assets Investment Management LLC owned about 0.08% of ARM worth $1,161,670,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ARM. Mark Sheptoff Financial Planning LLC bought a new position in ARM during the 1st quarter valued at about $25,000. ORG Partners LLC bought a new position in ARM during the 3rd quarter valued at about $29,000. Transcendent Capital Group LLC bought a new position in ARM during the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC grew its holdings in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the last quarter. Finally, RiverPark Advisors LLC grew its holdings in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARM. Raymond James began coverage on shares of ARM in a research report on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective for the company. TD Cowen raised shares of ARM to a “strong-buy” rating in a research report on Monday, September 16th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, August 1st. Finally, Daiwa America raised shares of ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

ARM Stock Performance

Shares of NASDAQ ARM opened at $142.41 on Thursday. The company’s fifty day moving average price is $138.71 and its 200 day moving average price is $135.66. Arm Holdings plc has a 1 year low of $47.12 and a 1 year high of $188.75. The company has a market capitalization of $149.22 billion and a PE ratio of 365.16.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $905.53 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. On average, equities analysts expect that Arm Holdings plc will post 0.86 EPS for the current year.

About ARM

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.