Duquesne Family Office LLC Boosts Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Duquesne Family Office LLC lifted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 725.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,394 shares of the company's stock after acquiring an additional 156,784 shares during the quarter. Duquesne Family Office LLC's holdings in ARM were worth $22,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock worth $12,990,000 after buying an additional 5,440 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in shares of ARM by 333.8% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,884 shares of the company's stock valued at $849,000 after purchasing an additional 5,297 shares during the period. Clarus Wealth Advisors acquired a new position in shares of ARM in the 4th quarter valued at about $732,000. Envestnet Asset Management Inc. lifted its stake in shares of ARM by 0.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock valued at $5,320,000 after purchasing an additional 353 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of ARM in the 4th quarter valued at about $471,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Performance

ARM traded up $8.77 during midday trading on Monday, reaching $124.57. 4,877,157 shares of the company were exchanged, compared to its average volume of 7,087,813. The company has a market cap of $130.53 billion, a price-to-earnings ratio of 163.84, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. The company's fifty day moving average price is $110.45 and its 200 day moving average price is $132.03. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday. Loop Capital boosted their price objective on ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Citigroup dropped their price objective on ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday. Morgan Stanley dropped their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Barclays decreased their target price on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $154.67.

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.