Arm Holdings plc (NASDAQ:ARM) Holdings Decreased by Axa S.A.

Axa S.A. reduced its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,629 shares of the company's stock after selling 5,123 shares during the period. Axa S.A.'s holdings in ARM were worth $1,064,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co acquired a new position in shares of ARM during the 4th quarter worth $301,000. Watts Gwilliam & Co. LLC raised its holdings in ARM by 15.5% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 8,109 shares of the company's stock valued at $1,000,000 after buying an additional 1,088 shares in the last quarter. Crescent Sterling Ltd. lifted its position in shares of ARM by 6.5% in the fourth quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company's stock worth $232,000 after buying an additional 114 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of ARM by 7.5% during the 4th quarter. Harbour Capital Advisors LLC now owns 8,135 shares of the company's stock worth $1,004,000 after acquiring an additional 565 shares in the last quarter. Finally, Parisi Gray Wealth Management increased its holdings in shares of ARM by 12.7% during the 4th quarter. Parisi Gray Wealth Management now owns 7,370 shares of the company's stock valued at $909,000 after acquiring an additional 830 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ARM. Bank of America lowered their price target on ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday. Evercore ISI lifted their target price on shares of ARM from $176.00 to $202.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. KeyCorp decreased their price target on shares of ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday. Barclays dropped their price objective on ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Mizuho increased their target price on ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.67.

ARM Trading Down 0.6 %

ARM opened at $115.87 on Friday. Arm Holdings plc has a 1-year low of $80.00 and a 1-year high of $188.75. The stock has a market capitalization of $121.41 billion, a PE ratio of 152.46, a PEG ratio of 6.33 and a beta of 4.39. The firm has a 50-day moving average price of $110.45 and a two-hundred day moving average price of $132.16.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. ARM had a net margin of 21.82% and a return on equity of 11.94%. ARM's revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 EPS. On average, research analysts predict that Arm Holdings plc will post 0.9 EPS for the current year.

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.

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