Mizuho Securities Co. Ltd. Has $753,000 Stock Holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)

Mizuho Securities Co. Ltd. raised its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 309.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,050 shares of the company's stock after buying an additional 5,330 shares during the period. ARM makes up about 8.9% of Mizuho Securities Co. Ltd.'s investment portfolio, making the stock its 4th largest holding. Mizuho Securities Co. Ltd.'s holdings in ARM were worth $753,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of ARM. GeoWealth Management LLC raised its stake in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares during the period. Colonial Trust Co SC purchased a new position in shares of ARM during the fourth quarter valued at $40,000. Farther Finance Advisors LLC raised its position in ARM by 108.6% during 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. Harbour Investments Inc. lifted its stake in ARM by 40.1% in the 4th quarter. Harbour Investments Inc. now owns 902 shares of the company's stock worth $111,000 after acquiring an additional 258 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in ARM in the 4th quarter worth about $123,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Price Performance

Shares of ARM stock traded down $1.01 during midday trading on Friday, hitting $145.04. The company had a trading volume of 3,793,348 shares, compared to its average volume of 6,375,564. ARM Holdings PLC Sponsored ADR has a 1-year low of $80.00 and a 1-year high of $188.75. The business's 50 day simple moving average is $124.70 and its two-hundred day simple moving average is $130.93. The stock has a market cap of $153.64 billion, a PE ratio of 193.39, a P/E/G ratio of 6.71 and a beta of 4.08.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. ARM had a net margin of 19.76% and a return on equity of 17.97%. The business's quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. On average, sell-side analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. KeyCorp dropped their target price on ARM from $195.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Morgan Stanley dropped their price objective on shares of ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Barclays dropped their price objective on shares of ARM from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Loop Capital lowered their price target on shares of ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Guggenheim dropped their price target on shares of ARM from $180.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.76.

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.