Thompson Davis & CO. Inc. Sells 525 Shares of Arm Holdings plc (NASDAQ:ARM)

Thompson Davis & CO. Inc. cut its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,410 shares of the company’s stock after selling 525 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in ARM were worth $488,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ARM. RiverPark Advisors LLC grew its holdings in shares of ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after buying an additional 77 shares during the last quarter. BOKF NA raised its position in shares of ARM by 33.3% during the 1st quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after acquiring an additional 100 shares during the last quarter. Finally, Comerica Bank grew its position in ARM by 6.1% in the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock worth $222,000 after acquiring an additional 103 shares in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Price Performance

NASDAQ ARM opened at $133.06 on Wednesday. The company has a market cap of $139.42 billion, a P/E ratio of 221.77, a P/E/G ratio of 6.43 and a beta of 5.40. Arm Holdings plc has a 1-year low of $55.27 and a 1-year high of $188.75. The stock has a 50-day moving average of $143.78 and a two-hundred day moving average of $140.30.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter last year, the business posted $0.36 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ARM has been the topic of several analyst reports. TD Cowen boosted their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Loop Capital boosted their price objective on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, November 11th. William Blair started coverage on shares of ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Daiwa Capital Markets upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.95.

ARM 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.