Telligent Fund LP Purchases New Position in Arm Holdings plc (NASDAQ:ARM)

Telligent Fund LP purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,000 shares of the company’s stock, valued at approximately $3,331,000. ARM comprises approximately 3.2% of Telligent Fund LP’s portfolio, making the stock its 10th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in ARM in the second quarter valued at approximately $737,000. Park Avenue Securities LLC increased its position in ARM by 8.6% in the 3rd quarter. Park Avenue Securities LLC now owns 2,780 shares of the company’s stock valued at $398,000 after acquiring an additional 221 shares during the period. Brookstone Capital Management boosted its holdings in ARM by 12.4% in the 3rd quarter. Brookstone Capital Management now owns 1,411 shares of the company’s stock valued at $202,000 after purchasing an additional 156 shares in the last quarter. CWM LLC lifted its stake in ARM by 19.6% in the 3rd quarter. CWM LLC now owns 108,372 shares of the company’s stock valued at $15,498,000 after buying an additional 17,769 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after acquiring an additional 77 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho lifted their target price on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company boosted their target price on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.17.

ARM Price Performance

Shares of ARM opened at $167.47 on Friday. Arm Holdings plc has a 12 month low of $72.25 and a 12 month high of $188.75. The stock has a market cap of $175.48 billion, a PE ratio of 279.12, a P/E/G ratio of 7.46 and a beta of 4.56. The stock’s 50-day moving average is $143.45 and its two-hundred day moving average is $139.80.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, research analysts anticipate that Arm Holdings plc will post 0.84 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.