ARM Holdings PLC Sponsored ADR $ARM Holdings Lifted by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in ARM Holdings by 26.0%, owning 69,756 shares valued at $7.45 million as of the end of the most recent quarter.
• ARM recently reported earnings of $0.35 per share, surpassing expectations, with a revenue of $1.05 billion, showing a year-over-year increase of 12.1%.
• In terms of analyst ratings, ARM has garnered a consensus rating of "Moderate Buy" with an average price target of $169.67.

Jump Financial LLC grew its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 26.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,756 shares of the company's stock after buying an additional 14,379 shares during the period. Jump Financial LLC's holdings in ARM were worth $7,449,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of ARM by 59.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after acquiring an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP acquired a new position in shares of ARM during the 1st quarter valued at $170,287,000. American Century Companies Inc. lifted its holdings in shares of ARM by 112.3% during the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock valued at $75,112,000 after acquiring an additional 372,081 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of ARM during the 4th quarter valued at $37,440,000. Finally, Woodline Partners LP lifted its holdings in shares of ARM by 9,501.0% during the 4th quarter. Woodline Partners LP now owns 213,238 shares of the company's stock valued at $26,305,000 after acquiring an additional 211,017 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Stock Performance

Shares of ARM stock traded up $1.89 during trading on Thursday, reaching $142.55. The company had a trading volume of 2,874,475 shares, compared to its average volume of 5,380,239. The company has a market cap of $150.61 billion, a price-to-earnings ratio of 215.98, a price-to-earnings-growth ratio of 9.37 and a beta of 4.17. The firm's fifty day moving average is $148.32 and its 200-day moving average is $132.10. ARM Holdings PLC Sponsored ADR has a fifty-two week low of $80.00 and a fifty-two week high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.05 billion for 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 company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. On average, research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARM. Rosenblatt Securities restated a "buy" rating and set a $180.00 target price on shares of ARM in a report on Thursday, July 31st. Mizuho lifted their target price on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. reduced their target price on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. UBS Group reduced their target price on shares of ARM from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Guggenheim lifted their target price on shares of ARM from $147.00 to $187.00 and gave the company a "buy" rating in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, 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.