STF Management LP Sells 186 Shares of Arm Holdings plc (NASDAQ:ARM)

STF Management LP cut its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,708 shares of the company’s stock after selling 186 shares during the period. STF Management LP’s holdings in ARM were worth $244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of ARM during the second quarter worth about $33,000. ORG Partners LLC bought a new stake in shares of ARM during the third quarter worth about $29,000. RiverPark Advisors LLC increased its position in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after acquiring an additional 77 shares in the last quarter. Mather Group LLC. bought a new stake in shares of ARM during the second quarter worth about $41,000. Finally, Gilliland Jeter Wealth Management LLC increased its position in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after acquiring an additional 117 shares in the last quarter. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

Shares of NASDAQ:ARM opened at $132.85 on Friday. The company’s fifty day moving average price is $143.52 and its 200-day moving average price is $140.20. The firm has a market capitalization of $139.20 billion, a price-to-earnings ratio of 221.42, a PEG ratio of 6.64 and a beta of 5.40. Arm Holdings plc has a one year low of $59.00 and a one year high of $188.75.

ARM (NASDAQ:ARM) last issued 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 firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. As a group, equities research analysts expect that Arm Holdings plc will post 0.79 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Benchmark assumed coverage on shares of ARM in a research report on Monday, September 16th. They issued a “hold” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Susquehanna boosted their target price on shares of ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Daiwa Capital Markets upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.86.

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.