GSA Capital Partners LLP Increases Holdings in Arm Holdings plc (NASDAQ:ARM)

GSA Capital Partners LLP grew its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,883 shares of the company’s stock after purchasing an additional 876 shares during the quarter. GSA Capital Partners LLP’s holdings in ARM were worth $2,128,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC grew its stake in shares of ARM by 79.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,338 shares of the company’s stock worth $334,000 after acquiring an additional 1,035 shares during the period. United Capital Management of KS Inc. grew its stake in shares of ARM by 2.4% during the 3rd quarter. United Capital Management of KS Inc. now owns 88,340 shares of the company’s stock worth $12,634,000 after acquiring an additional 2,039 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of ARM during the 3rd quarter worth $572,000. Sigma Planning Corp grew its stake in shares of ARM by 878.8% during the 3rd quarter. Sigma Planning Corp now owns 17,001 shares of the company’s stock worth $2,431,000 after acquiring an additional 15,264 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of ARM by 1,095.6% during the 3rd quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock worth $272,000 after acquiring an additional 1,742 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Trading Down 1.4 %

Shares of NASDAQ ARM opened at $139.92 on Wednesday. The stock has a market cap of $146.61 billion, a price-to-earnings ratio of 233.20, a P/E/G ratio of 6.72 and a beta of 5.40. Arm Holdings plc has a 1-year low of $50.57 and a 1-year high of $188.75. The stock’s 50-day moving average is $142.50 and its 200 day moving average is $138.88.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, analysts forecast that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on ARM. Barclays raised their target price on ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday, November 7th. TD Cowen raised their target price on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Susquehanna raised their target price on ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Daiwa America upgraded ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.95.

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.