Deutsche Bank AG Has $25.23 Million Position in Arm Holdings plc (NASDAQ:ARM)

Deutsche Bank AG increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 203.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,499 shares of the company's stock after purchasing an additional 137,095 shares during the quarter. Deutsche Bank AG's holdings in ARM were worth $25,227,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ARM. Duquesne Family Office LLC lifted its stake in ARM by 725.5% in the fourth quarter. Duquesne Family Office LLC now owns 178,394 shares of the company's stock valued at $22,007,000 after acquiring an additional 156,784 shares during the last quarter. Colonial Trust Co SC acquired a new stake in ARM in the fourth quarter valued at $40,000. Concentric Capital Strategies LP lifted its stake in ARM by 436.9% in the fourth quarter. Concentric Capital Strategies LP now owns 31,167 shares of the company's stock valued at $3,845,000 after acquiring an additional 25,362 shares during the last quarter. Cresset Asset Management LLC lifted its stake in ARM by 8.1% in the fourth quarter. Cresset Asset Management LLC now owns 11,457 shares of the company's stock valued at $1,413,000 after acquiring an additional 861 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in ARM in the fourth quarter valued at $237,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Trading Up 2.2%

ARM stock traded up $2.89 during trading hours on Friday, reaching $135.96. 4,741,834 shares of the stock were exchanged, compared to its average volume of 7,040,727. The company has a market cap of $142.46 billion, a P/E ratio of 178.90, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The stock has a 50 day moving average of $111.60 and a two-hundred day moving average of $131.45.

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 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 business's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. On average, analysts expect that Arm Holdings plc will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Raymond James dropped their price objective on shares of ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Evercore ISI increased their price objective on shares of ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. KeyCorp dropped their price objective on shares of ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Bank of America dropped 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, May 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $152.76.

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.