Crescent Sterling Ltd. Boosts Stock Position in Arm Holdings plc (NASDAQ:ARM)

Crescent Sterling Ltd. increased its stake in Arm Holdings plc (NASDAQ:ARM) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,879 shares of the company’s stock after buying an additional 114 shares during the quarter. Crescent Sterling Ltd.’s holdings in ARM were worth $232,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ORG Partners LLC bought a new position in ARM in the 3rd quarter valued at $29,000. Gilliland Jeter Wealth Management LLC grew its position in 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 buying an additional 117 shares in the last quarter. Quantbot Technologies LP purchased a new position in ARM during the third quarter worth about $52,000. Farther Finance Advisors LLC increased its stake in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after acquiring an additional 131 shares during the last quarter. Finally, First Community Trust NA bought a new stake in shares of ARM during the 3rd quarter valued at about $70,000. 7.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Benchmark initiated coverage on shares of ARM in a research report on Monday, September 16th. They issued a “hold” rating on the stock. TD Cowen increased their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, November 7th. Loop Capital increased their target price on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.32.

ARM Price Performance

Shares of NASDAQ ARM opened at $140.49 on Monday. Arm Holdings plc has a 1 year low of $66.66 and a 1 year high of $188.75. The stock has a market capitalization of $147.21 billion, a P/E ratio of 234.15, a P/E/G ratio of 7.15 and a beta of 4.53. The company’s 50-day moving average is $137.36 and its 200 day moving average is $141.75.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same period in the previous year, the firm posted $0.36 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Research analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current 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.