B & T Capital Management DBA Alpha Capital Management Purchases 1,725 Shares of Arm Holdings plc (NASDAQ:ARM)

B & T Capital Management DBA Alpha Capital Management grew its position in shares of Arm Holdings plc (NASDAQ:ARM) by 79.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,896 shares of the company’s stock after purchasing an additional 1,725 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in ARM were worth $481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. bought a new stake in shares of ARM in the second quarter worth $5,885,000. Envestnet Asset Management Inc. grew its position in shares of ARM by 20.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 37,902 shares of the company’s stock valued at $6,202,000 after buying an additional 6,311 shares during the last quarter. Blair William & Co. IL grew its position in shares of ARM by 128.1% in the 2nd quarter. Blair William & Co. IL now owns 5,520 shares of the company’s stock valued at $903,000 after buying an additional 3,100 shares during the last quarter. Elite Wealth Management Inc. increased its stake in shares of ARM by 89.8% in the second quarter. Elite Wealth Management Inc. now owns 41,496 shares of the company’s stock valued at $6,790,000 after buying an additional 19,633 shares during the period. Finally, WealthTrust Asset Management LLC bought a new position in shares of ARM during the second quarter worth about $1,083,000. 7.53% of the stock is currently owned by institutional investors.

ARM Price Performance

Shares of NASDAQ:ARM opened at $149.26 on Friday. The company has a market cap of $156.40 billion, a price-to-earnings ratio of 248.77, a PEG ratio of 6.57 and a beta of 4.53. Arm Holdings plc has a one year low of $69.32 and a one year high of $188.75. The firm has a fifty day moving average price of $137.33 and a two-hundred day moving average price of $141.46.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share 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 analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Equities research analysts expect that Arm Holdings plc will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ARM. The Goldman Sachs Group increased their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Loop Capital boosted their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a report on Thursday, October 31st. Finally, Evercore ISI upped their target price on ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ARM presently has an average rating of “Moderate Buy” and a consensus target price of $151.09.

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.