Paragon Capital Management Inc. Makes New Investment in Arm Holdings plc (NASDAQ:ARM)

Paragon Capital Management Inc. purchased a new position in Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 12,056 shares of the company’s stock, valued at approximately $1,724,000. ARM comprises approximately 1.3% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds also recently modified their holdings of the company. Willner & Heller LLC increased its stake in ARM by 193.7% during the 3rd quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock worth $972,000 after purchasing an additional 4,484 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of ARM by 393.0% in the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock valued at $3,154,000 after buying an additional 20,117 shares during the period. Mizuho Securities Co. Ltd. increased its position in shares of ARM by 156.3% during the second quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock worth $3,011,000 after acquiring an additional 11,220 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of ARM during the second quarter worth $4,090,000. Finally, Rheos Capital Works Inc. lifted its position in ARM by 48.1% in the 1st quarter. Rheos Capital Works Inc. now owns 256,900 shares of the company’s stock valued at $32,110,000 after acquiring an additional 83,400 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Daiwa America upgraded ARM from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Benchmark started coverage on ARM in a report on Monday, September 16th. They issued a “hold” rating for the company. Barclays lifted their target price on ARM from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Guggenheim increased their price target on ARM from $110.00 to $169.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Finally, William Blair began coverage on ARM in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average target price of $134.91.

ARM Trading Up 1.2 %

Shares of ARM opened at $152.50 on Thursday. Arm Holdings plc has a 12 month low of $46.50 and a 12 month high of $188.75. The firm’s 50 day moving average is $135.66 and its 200-day moving average is $134.74. The stock has a market capitalization of $159.79 billion and a PE ratio of 391.04.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The company’s revenue was up 39.1% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. Equities research analysts predict that Arm Holdings plc will post 0.86 earnings per share for the current fiscal year.

ARM Company 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.