Arkadios Wealth Advisors Acquires 769 Shares of ARM Holdings PLC Sponsored ADR $ARM

Arkadios Wealth Advisors lifted its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 20.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,597 shares of the company’s stock after acquiring an additional 769 shares during the quarter. Arkadios Wealth Advisors’ holdings in ARM were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Chicago Capital LLC raised its holdings in ARM by 0.5% in the 2nd quarter. Chicago Capital LLC now owns 15,732 shares of the company’s stock worth $2,544,000 after purchasing an additional 79 shares in the last quarter. Compound Planning Inc. raised its stake in ARM by 5.5% in the first quarter. Compound Planning Inc. now owns 2,305 shares of the company’s stock worth $246,000 after buying an additional 120 shares in the last quarter. IAM Advisory LLC raised its stake in ARM by 3.0% in the second quarter. IAM Advisory LLC now owns 4,556 shares of the company’s stock worth $737,000 after buying an additional 134 shares in the last quarter. StoneCrest Wealth Management Inc. raised its stake in ARM by 2.8% in the second quarter. StoneCrest Wealth Management Inc. now owns 5,378 shares of the company’s stock worth $870,000 after buying an additional 148 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in ARM by 3.4% in the second quarter. Stephens Inc. AR now owns 4,665 shares of the company’s stock worth $755,000 after buying an additional 155 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. KeyCorp reissued an “overweight” rating and issued a $190.00 target price (up previously from $175.00) on shares of ARM in a research report on Thursday, July 31st. TD Cowen increased their price objective on ARM from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a report on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of ARM from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ARM currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.80.

ARM Price Performance

Shares of NASDAQ:ARM opened at $168.68 on Tuesday. The company has a market capitalization of $178.21 billion, a PE ratio of 255.58, a PEG ratio of 10.67 and a beta of 4.11. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $183.16. The business has a fifty day moving average price of $153.99 and a 200-day moving average price of $143.43.

ARM 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.