Arm Holdings plc (NASDAQ:ARM) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,866 shares of the company's stock after acquiring an additional 28,311 shares during the quarter. ProShare Advisors LLC's holdings in ARM were worth $18,364,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quadcap Wealth Management LLC acquired a new position in shares of ARM during the 4th quarter worth about $210,000. Quantinno Capital Management LP boosted its position in shares of ARM by 20.4% during the 4th quarter. Quantinno Capital Management LP now owns 2,505 shares of the company's stock worth $309,000 after acquiring an additional 425 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of ARM by 13.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 59,483 shares of the company's stock worth $7,685,000 after acquiring an additional 6,905 shares in the last quarter. Numerai GP LLC acquired a new position in shares of ARM during the 4th quarter worth about $213,000. Finally, Maytus Capital Management LLC acquired a new position in shares of ARM during the 4th quarter worth about $4,996,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ARM. Benchmark reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, May 8th. The Goldman Sachs Group upped their target price on ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Bank of America decreased their target price on ARM from $144.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Morgan Stanley decreased their target price on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, Evercore ISI upped their target price on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ARM presently has a consensus rating of "Moderate Buy" and an average target price of $152.76.

ARM Trading Up 2.2%

Shares of ARM stock opened at $135.96 on Friday. The company has a market cap of $142.46 billion, a price-to-earnings ratio of 178.90, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. The stock has a 50 day simple moving average of $111.60 and a 200-day simple moving average of $131.61. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75.

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

About ARM

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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