Man Group plc Reduces Position in Arm Holdings plc (NASDAQ:ARM)

Man Group plc lowered its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 12.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 490,743 shares of the company's stock after selling 68,757 shares during the period. Man Group plc's holdings in ARM were worth $60,538,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GeoWealth Management LLC increased its stake in shares of ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of ARM in the 4th quarter valued at $40,000. Berbice Capital Management LLC bought a new stake in shares of ARM in the 4th quarter valued at $49,000. Valley National Advisers Inc. increased its stake in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after acquiring an additional 72 shares in the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of ARM in the 4th quarter valued at $83,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Price Performance

Shares of NASDAQ ARM traded up $2.89 during trading on Friday, hitting $135.96. The stock had a trading volume of 4,741,834 shares, compared to its average volume of 7,040,727. The firm has a fifty day moving average of $111.60 and a two-hundred day moving average of $131.45. The company has a market capitalization of $142.46 billion, a PE ratio of 178.90, a PEG ratio of 6.33 and a beta of 4.39. 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 quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. ARM had a net margin of 21.82% and a return on equity of 11.94%. The firm's quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, equities analysts expect that Arm Holdings plc will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

ARM has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group boosted their price target on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Guggenheim decreased their price target on shares of ARM from $180.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Mizuho boosted their price target on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Susquehanna boosted their price target on shares of ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

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.