183,212 Shares in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. has purchased 183,212 shares of ARM Holdings PLC, valued at approximately $19.57 million, indicating institutional interest in the company.
• Recent analyst reports have increased ARM's price targets, with TD Cowen setting a new target at $175.00, while BNP Paribas raised it to $210.00, reflecting positive sentiment in the market.
• ARM Holdings reported $0.35 earnings per share (EPS) for the last quarter, surpassing analyst estimates, alongside a revenue of $1.05 billion, marking a 12.1% increase year-over-year.

Jefferies Financial Group Inc. acquired a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 183,212 shares of the company's stock, valued at approximately $19,565,000.

A number of other hedge funds have also recently added to or reduced their stakes in ARM. Corebridge Financial Inc. grew its position in shares of ARM by 1.8% during the fourth quarter. Corebridge Financial Inc. now owns 8,329 shares of the company's stock worth $1,027,000 after acquiring an additional 147 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of ARM by 12.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 15,481 shares of the company's stock worth $1,910,000 after acquiring an additional 1,719 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in shares of ARM during the fourth quarter worth about $1,701,000. B. Metzler seel. Sohn & Co. AG grew its position in shares of ARM by 227.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,700 shares of the company's stock worth $2,191,000 after acquiring an additional 12,300 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its position in shares of ARM by 9.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,985 shares of the company's stock worth $492,000 after acquiring an additional 348 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ARM shares. TD Cowen upped their price target on shares of ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday. Benchmark restated a "hold" rating on shares of ARM in a research report on Monday, June 9th. Wells Fargo & Company upped their price objective on shares of ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. KeyCorp reaffirmed an "overweight" rating and issued a $190.00 price objective (up previously from $175.00) on shares of ARM in a report on Thursday. Finally, UBS Group reduced their price objective on shares of ARM from $185.00 to $175.00 and set a "buy" rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.86.

ARM Trading Down 2.7%

ARM stock traded down $3.80 during mid-day trading on Friday, reaching $137.58. 7,657,305 shares of the stock traded hands, compared to its average volume of 5,217,094. ARM Holdings PLC Sponsored ADR has a 52-week low of $80.00 and a 52-week high of $182.88. The company has a market cap of $145.35 billion, a P/E ratio of 208.45, a P/E/G ratio of 7.88 and a beta of 4.17. The stock's fifty day moving average is $147.01 and its 200-day moving average is $134.40.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. ARM had a net margin of 16.96% and a return on equity of 15.56%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

About ARM

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.