FengHe Fund Management Pte. Ltd. Makes New $5.34 Million Investment in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Key Points

• FengHe Fund Management Pte. Ltd. invested $5.34 million in ARM Holdings PLC, acquiring 50,000 shares, which represents 2.0% of its total portfolio.
• Other hedge funds made significant changes to their positions in ARM, with TFC Financial Management increasing its stake by 163.4% and other firms also buying new positions.
• ARM stock currently has a market cap of $150.44 billion, with a PE ratio of 215.74, while analysts have mixed ratings, but the consensus is a "Moderate Buy" with a price target of $169.67.

FengHe Fund Management Pte. Ltd. acquired a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $5,340,000. ARM makes up about 2.0% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Iyo Bank Ltd. bought a new stake in ARM during the 1st quarter valued at $738,000. Invesco Ltd. boosted its position in ARM by 9.5% during the 1st quarter. Invesco Ltd. now owns 576,020 shares of the company's stock valued at $61,513,000 after acquiring an additional 49,805 shares in the last quarter. AFT Forsyth & Company Inc. boosted its position in ARM by 2.5% during the 1st quarter. AFT Forsyth & Company Inc. now owns 16,351 shares of the company's stock valued at $1,746,000 after acquiring an additional 400 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of ARM during the 1st quarter valued at $53,000. Finally, Cynosure Group LLC lifted its holdings in shares of ARM by 26.1% during the 1st quarter. Cynosure Group LLC now owns 2,765 shares of the company's stock valued at $295,000 after purchasing an additional 572 shares during the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Stock Performance

Shares of ARM traded down $1.64 during trading hours on Friday, hitting $138.91. The stock had a trading volume of 3,428,076 shares, compared to its average volume of 5,490,069. The firm has a 50-day moving average price of $148.81 and a 200 day moving average price of $133.46. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88. The firm has a market capitalization of $146.76 billion, a price-to-earnings ratio of 210.47, a PEG ratio of 9.46 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm earned $0.40 EPS. The company's quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ARM shares. Morgan Stanley increased their price objective on ARM from $150.00 to $194.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Wells Fargo & Company raised their target price on ARM from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. TD Cowen raised their target price on ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Mizuho raised their target price on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Finally, BNP Paribas upgraded ARM from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $110.00 to $210.00 in a research note on Wednesday, July 16th. One research analyst has 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. Based on data from MarketBeat, ARM currently has an average rating of "Moderate Buy" and a consensus target price of $169.67.

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.