Perigon Wealth Management LLC Purchases 2,570 Shares of Arm Holdings plc (NASDAQ:ARM)

Perigon Wealth Management LLC boosted its holdings in shares of Arm Holdings plc (NASDAQ:ARMFree Report) by 35.3% during the 4th quarter, Holdings Channel reports. The fund owned 9,857 shares of the company’s stock after buying an additional 2,570 shares during the period. Perigon Wealth Management LLC’s holdings in ARM were worth $1,216,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Cherry Creek Investment Advisors Inc. lifted its position in shares of ARM by 121.2% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 4,840 shares of the company’s stock worth $597,000 after purchasing an additional 2,652 shares during the period. Pacer Advisors Inc. lifted its holdings in ARM by 5.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,532 shares of the company’s stock worth $929,000 after buying an additional 362 shares during the period. Union Bancaire Privee UBP SA bought a new stake in ARM during the 4th quarter valued at $471,000. Blue Trust Inc. increased its holdings in shares of ARM by 13.6% in the 4th quarter. Blue Trust Inc. now owns 1,662 shares of the company’s stock valued at $205,000 after acquiring an additional 199 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its position in shares of ARM by 13.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 3,932 shares of the company’s stock worth $485,000 after acquiring an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Price Performance

NASDAQ:ARM opened at $153.23 on Friday. The firm has a market capitalization of $160.56 billion, a P/E ratio of 255.39, a PEG ratio of 8.41 and a beta of 4.53. The company’s fifty day moving average price is $140.94 and its 200-day moving average price is $140.06. Arm Holdings plc has a 1-year low of $69.32 and a 1-year high of $188.75.

ARM (NASDAQ:ARMGet Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $810.03 million. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Arm Holdings plc will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ARM has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Loop Capital raised their target price on shares of ARM from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Susquehanna upped their price target on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ARM presently has an average rating of “Moderate Buy” and an average target price of $152.09.

Read Our Latest Research Report on ARM

ARM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ARM (NASDAQ:ARM)

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