GF Fund Management CO. LTD. Takes Position in Arm Holdings plc (NASDAQ:ARM)

GF Fund Management CO. LTD. bought a new position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,275 shares of the company's stock, valued at approximately $2,995,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARM. GeoWealth Management LLC increased its holdings in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of ARM during the fourth quarter valued at about $40,000. Valley National Advisers Inc. grew its holdings in shares of ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of ARM by 108.6% in the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after buying an additional 453 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of ARM by 40.1% in the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company's stock valued at $111,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

ARM has been the subject of several recent research reports. Citigroup lowered their price objective on ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. UBS Group reduced their target price on ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Benchmark reiterated a "hold" rating on shares of ARM in a report on Thursday, May 8th. Rosenblatt Securities reduced their target price on ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Evercore ISI upped their target price on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

ARM Stock Up 1.2%

Shares of NASDAQ ARM traded up $1.58 during trading on Wednesday, reaching $135.54. The company had a trading volume of 5,864,293 shares, compared to its average volume of 6,914,028. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The stock has a market cap of $142.02 billion, a PE ratio of 178.34, a P/E/G ratio of 6.33 and a beta of 4.39. The business's 50-day moving average is $113.41 and its 200 day moving average is $130.81.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.94% and a net margin of 21.82%. The company's quarterly revenue 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 anticipate that Arm Holdings plc will post 0.9 earnings per share for the current year.

ARM 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.