Thompson Davis & CO. Inc. Invests $440,000 in Arm Holdings plc (NASDAQ:ARM)

Thompson Davis & CO. Inc. purchased a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,850 shares of the company’s stock, valued at approximately $440,000.

Other hedge funds have also bought and sold shares of the company. Jennison Associates LLC bought a new position in ARM in the 3rd quarter valued at about $339,965,000. FMR LLC acquired a new stake in shares of ARM in the 3rd quarter valued at approximately $242,812,000. Wellington Management Group LLP acquired a new stake in ARM during the 3rd quarter worth approximately $152,896,000. Invesco Ltd. acquired a new stake in ARM during the 3rd quarter worth approximately $143,092,000. Finally, Intel Corp acquired a new stake in ARM during the 3rd quarter worth approximately $62,965,000. 7.53% of the stock is owned by institutional investors.

ARM Stock Performance

Shares of NASDAQ:ARM traded down 2.03 during trading on Tuesday, reaching 101.21. 3,770,100 shares of the company traded hands, compared to its average volume of 14,354,920. Arm Holdings plc has a 52-week low of 46.50 and a 52-week high of 164.00. The business’s fifty day moving average is 124.15 and its 200-day moving average is 89.08.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 earnings per share for the quarter, beating analysts’ consensus estimates of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to analysts’ expectations of 762.50 million. ARM’s revenue was up 13.8% compared to the same quarter last year. Equities research analysts predict that Arm Holdings plc will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ARM shares. Susquehanna reiterated a “neutral” rating and set a $85.00 target price on shares of ARM in a research report on Thursday, April 4th. New Street Research reiterated a “neutral” rating and issued a $110.00 price objective on shares of ARM in a research note on Tuesday, February 27th. The Goldman Sachs Group lifted their price objective on shares of ARM from $95.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Mizuho lifted their price objective on shares of ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Evercore ISI started coverage on shares of ARM in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $156.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of 92.08.

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.