Blue Fin Capital Inc. Raises Stake in Arm Holdings plc (NASDAQ:ARM)

Blue Fin Capital Inc. lifted its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,864 shares of the company’s stock after acquiring an additional 1,611 shares during the period. ARM accounts for approximately 0.7% of Blue Fin Capital Inc.’s portfolio, making the stock its 29th biggest position. Blue Fin Capital Inc.’s holdings in ARM were worth $3,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC raised its position in ARM by 29.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,590 shares of the company’s stock valued at $443,000 after purchasing an additional 810 shares during the period. HB Wealth Management LLC lifted its position in ARM by 121.7% in the fourth quarter. HB Wealth Management LLC now owns 6,051 shares of the company’s stock valued at $747,000 after buying an additional 3,322 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in ARM during the fourth quarter worth about $270,000. MCF Advisors LLC purchased a new position in ARM during the fourth quarter worth about $83,000. Finally, SG Americas Securities LLC acquired a new stake in shares of ARM during the fourth quarter valued at about $22,705,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Loop Capital decreased their price objective on shares of ARM from $195.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Barclays cut their target price on ARM from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price target on ARM from $215.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Bank of America cut their price objective on ARM from $144.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Guggenheim decreased their target price on ARM from $180.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $152.76.

ARM Trading Down 0.5%

ARM stock opened at $130.45 on Thursday. The company has a fifty day simple moving average of $112.62 and a 200-day simple moving average of $131.31. The stock has a market cap of $136.69 billion, a P/E ratio of 171.65, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. ARM had a return on equity of 11.94% and a net margin of 21.82%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.36 EPS. ARM’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, sell-side analysts forecast that Arm Holdings plc will post 0.9 earnings per share for the current fiscal year.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.