Arm Holdings plc (NASDAQ:ARM) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lowered its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,379 shares of the company’s stock after selling 450 shares during the period. Mutual Advisors LLC’s holdings in ARM were worth $170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after buying an additional 233,909 shares during the last quarter. Franklin Resources Inc. raised its position in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares during the last quarter. SG Americas Securities LLC purchased a new stake in ARM in the fourth quarter valued at approximately $22,705,000. Finally, Erste Asset Management GmbH purchased a new stake in ARM in the third quarter valued at approximately $11,646,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

NASDAQ ARM opened at $147.60 on Thursday. Arm Holdings plc has a 12 month low of $69.32 and a 12 month high of $188.75. The company has a market capitalization of $154.66 billion, a price-to-earnings ratio of 246.00, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53. The company’s fifty day moving average price is $140.66 and its two-hundred day moving average price is $140.00.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period in the prior year, the firm posted $0.36 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Arm Holdings plc will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ARM shares. Needham & Company LLC restated a “hold” rating on shares of ARM in a report on Thursday, November 7th. Susquehanna boosted their target price on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, UBS Group started coverage on shares of ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.09.

ARM 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.