Nomura Holdings Inc. Cuts Stake in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Nomura Holdings Inc. reduced its stake in ARM Holdings PLC by 30.9%, holding 41,832 shares worth approximately $4.47 million as of its latest SEC filing.
• Several other hedge funds have adjusted their positions in ARM, with notable increases from Farther Finance Advisors LLC (up 85.7%) and Cerity Partners LLC (up 19.2%).
• ARM's recent earnings report showed an EPS of $0.35, slightly surpassing analysts' expectations, while the company had revenue of $1.05 billion for the quarter.

Nomura Holdings Inc. decreased its stake in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 30.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,832 shares of the company's stock after selling 18,717 shares during the period. Nomura Holdings Inc.'s holdings in ARM were worth $4,467,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in ARM by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after buying an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP purchased a new position in ARM during the first quarter worth $170,287,000. Polar Capital Holdings Plc boosted its holdings in shares of ARM by 11.3% during the fourth quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock worth $94,240,000 after purchasing an additional 77,420 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of ARM by 112.3% during the first quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock worth $75,112,000 after purchasing an additional 372,081 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of ARM by 9.5% during the first quarter. Invesco Ltd. now owns 576,020 shares of the company's stock worth $61,513,000 after purchasing an additional 49,805 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Stock Performance

ARM stock traded up $2.69 during midday trading on Friday, reaching $138.17. The stock had a trading volume of 2,815,559 shares, compared to its average volume of 3,609,340. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The stock has a market capitalization of $145.98 billion, a PE ratio of 209.35, a price-to-earnings-growth ratio of 9.05 and a beta of 4.17. The stock's 50-day simple moving average is $145.89 and its 200 day simple moving average is $130.99.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share 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 quarter last year, the firm earned $0.40 earnings per share. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BNP Paribas upgraded ARM from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $110.00 to $210.00 in a report on Wednesday, July 16th. TD Cowen raised their price objective on ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Guggenheim raised their price objective on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a report on Monday, June 30th. UBS Group decreased their price objective on ARM from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Mizuho raised their price objective on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.