Arm Holdings plc (NASDAQ:ARM) Stock Holdings Lifted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its stake in Arm Holdings plc (NASDAQ:ARM) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,500 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in ARM were worth $1,359,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ARM. International Assets Investment Management LLC grew its position in ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. grew its position in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after purchasing an additional 490,415 shares in the last quarter. Marsico Capital Management LLC purchased a new position in ARM during the 2nd quarter worth approximately $33,207,000. Zevenbergen Capital Investments LLC purchased a new position in ARM during the 1st quarter worth approximately $23,704,000. Finally, ProShare Advisors LLC purchased a new position in shares of ARM during the 2nd quarter valued at $16,611,000. Institutional investors own 7.53% of the company’s stock.

ARM Price Performance

ARM opened at $141.48 on Friday. The company’s 50 day simple moving average is $140.91 and its 200-day simple moving average is $136.58. Arm Holdings plc has a one year low of $49.82 and a one year high of $188.75. The stock has a market capitalization of $148.25 billion and a P/E ratio of 362.78.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. As a group, analysts anticipate that Arm Holdings plc will post 0.86 EPS for the current year.

Analysts Set New Price Targets

ARM has been the subject of a number of recent research reports. Barclays upped their price objective on shares of ARM from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Evercore ISI upped their price objective on shares of ARM from $145.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research note on Thursday, August 1st. Finally, Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.57.

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.