DekaBank Deutsche Girozentrale Has $1.20 Million Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

DekaBank Deutsche Girozentrale decreased its position in shares of Arm Holdings plc (NASDAQ:ARM) by 29.8% during the 2nd quarter, Holdings Channel reports. The fund owned 7,089 shares of the company’s stock after selling 3,003 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in ARM were worth $1,199,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group bought a new stake in shares of ARM in the fourth quarter worth about $480,194,000. Wellington Management Group LLP increased its stake in ARM by 56.4% during the 4th quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company’s stock worth $335,802,000 after purchasing an additional 1,611,926 shares in the last quarter. Robeco Schweiz AG raised its holdings in ARM by 220.3% during the 4th quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company’s stock worth $160,059,000 after buying an additional 1,465,000 shares during the period. Mubadala Investment Co PJSC bought a new position in ARM in the fourth quarter valued at approximately $150,437,000. Finally, Capstone Investment Advisors LLC boosted its holdings in shares of ARM by 362.6% in the fourth quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company’s stock valued at $67,781,000 after buying an additional 707,000 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

Shares of ARM opened at $140.59 on Friday. The company’s 50-day moving average is $136.41 and its 200-day moving average is $132.85. The firm has a market capitalization of $147.32 billion and a PE ratio of 148.06. Arm Holdings plc has a fifty-two week low of $46.50 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. ARM had a net margin of 12.12% and a return on equity of 18.97%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. During the same period last year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. Analysts predict that Arm Holdings plc will post 0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. William Blair started coverage on shares of ARM in a report on Wednesday. They set an “outperform” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, August 1st. Bank of America upped their price objective on ARM from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Daiwa America raised ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Citigroup boosted their target price on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.96.

About ARM

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.