Bayesian Capital Management LP Boosts Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Bayesian Capital Management LP lifted its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,100 shares of the company's stock after acquiring an additional 2,100 shares during the quarter. Bayesian Capital Management LP's holdings in ARM were worth $876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARM. GeoWealth Management LLC grew its holdings in shares of ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after acquiring an additional 92 shares during the period. Berbice Capital Management LLC purchased a new stake in ARM in the fourth quarter worth $49,000. Valley National Advisers Inc. lifted its position in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after buying an additional 72 shares during the period. MCF Advisors LLC purchased a new stake in shares of ARM in the 4th quarter worth about $83,000. Finally, Farther Finance Advisors LLC increased its stake in shares of ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock worth $107,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARM shares. Guggenheim lowered their target price on shares of ARM from $180.00 to $147.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company dropped their price target on shares of ARM from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday. Bank of America cut their price objective on shares of ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday. Citigroup decreased their target price on shares of ARM from $200.00 to $170.00 and set a "buy" rating for the company in a report on Thursday. Finally, Jefferies Financial Group increased their price target on shares of ARM from $170.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.67.

ARM Price Performance

Shares of NASDAQ:ARM traded down $0.65 during mid-day trading on Friday, reaching $115.87. 5,356,356 shares of the company traded hands, compared to its average volume of 7,128,709. Arm Holdings plc has a 52 week low of $80.00 and a 52 week high of $188.75. The firm has a market cap of $121.41 billion, a PE ratio of 152.46, a PEG ratio of 6.33 and a beta of 4.39. The company's 50 day moving average price is $110.45 and its 200-day moving average price is $132.16.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data 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 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%. The company's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. On average, research analysts predict that Arm Holdings plc will post 0.9 earnings per share for the current fiscal year.

ARM Company 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.