STF Management LP Buys Shares of 1,894 Arm Holdings plc (NASDAQ:ARM)

STF Management LP bought a new stake in Arm Holdings plc (NASDAQ:ARM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,894 shares of the company’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ARM. Mark Sheptoff Financial Planning LLC acquired a new position in ARM in the 1st quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in ARM in the 2nd quarter valued at about $33,000. SOA Wealth Advisors LLC. acquired a new position in ARM in the 1st quarter valued at about $35,000. RiverPark Advisors LLC boosted its holdings in ARM by 45.3% in 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. Finally, Mather Group LLC. acquired a new position in ARM in the 2nd quarter valued at about $41,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

ARM stock opened at $138.40 on Tuesday. The company has a fifty day moving average of $138.93 and a 200-day moving average of $132.79. The stock has a market capitalization of $145.02 billion and a PE ratio of 148.06. Arm Holdings plc has a one year low of $46.50 and a one year high of $188.75.

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, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The business’s revenue was up 39.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. Equities analysts forecast that Arm Holdings plc will post 0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ARM. Benchmark began coverage on shares of ARM in a research note on Monday. They issued a “hold” rating on the stock. HSBC downgraded shares of ARM from a “hold” rating to a “reduce” rating in a research note on Monday, July 29th. Citigroup boosted their price target on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein raised shares of ARM from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $92.00 to $100.00 in a research note on Wednesday, August 7th. Finally, Loop Capital boosted their price target on shares of ARM from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.04.

ARM Profile

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.