Arm Holdings plc (NASDAQ:ARM) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 96.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,131 shares of the company's stock after selling 620,309 shares during the quarter. Quadrature Capital Ltd's holdings in ARM were worth $3,021,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in ARM by 14,351.1% during 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 period. Sei Investments Co. grew its position in shares of ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company's stock valued at $94,790,000 after purchasing an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. grew 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 purchasing an additional 233,909 shares during the period. Mark Asset Management LP grew its position in shares of ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company's stock valued at $39,038,000 after purchasing an additional 29,686 shares during the period. Finally, Marsico Capital Management LLC acquired a new stake in shares of ARM in the second quarter valued at about $33,207,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Performance

Shares of ARM stock traded up $2.94 on Friday, reaching $140.89. The company had a trading volume of 3,389,676 shares, compared to its average volume of 10,405,386. The firm's 50 day moving average price is $142.57 and its two-hundred day moving average price is $142.06. The firm has a market cap of $147.63 billion, a PE ratio of 234.82, a PEG ratio of 7.01 and a beta of 4.67. Arm Holdings plc has a 52-week low of $61.20 and a 52-week high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. As a group, sell-side analysts predict that Arm Holdings plc will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ARM shares. William Blair started coverage on shares of ARM in a research report on Wednesday, September 18th. They issued an "outperform" rating on the stock. Susquehanna lifted their target price on shares of ARM from $115.00 to $118.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research report on Thursday, November 7th. UBS Group initiated coverage on shares of ARM in a research report on Monday, November 25th. They issued a "buy" rating and a $160.00 target price on the stock. Finally, Sanford C. Bernstein downgraded shares of ARM from a "market perform" rating to an "underperform" rating and set a $100.00 price target on the stock. in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $150.32.

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.