NWI Management LP Acquires Shares of 135,000 ARM Holdings PLC Sponsored ADR $ARM

Key Points

• NWI Management LP has acquired a new stake in ARM Holdings PLC by purchasing 135,000 shares valued at approximately $14.4 million, representing about 1.8% of its portfolio.
• Analysts are optimistic about ARM's future, with multiple firms raising their target prices, including TD Cowen, KeyCorp, and Wells Fargo, reflecting a general consensus of a "Moderate Buy" rating.
• ARM's recent earnings report showed a quarterly EPS of $0.35, beating expectations, while revenue grew by 12.1% year-over-year, highlighting the company's strong performance.

NWI Management LP bought a new position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 135,000 shares of the company's stock, valued at approximately $14,417,000. ARM accounts for about 1.8% of NWI Management LP's holdings, making the stock its 14th largest holding.

A number of other large investors also recently made changes to their positions in ARM. Goldman Sachs Group Inc. increased its holdings in shares of ARM by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock valued at $702,129,000 after purchasing an additional 2,446,224 shares during the period. Sustainable Growth Advisers LP acquired a new position in shares of ARM in the 1st quarter valued at about $170,287,000. American Century Companies Inc. increased its holdings in shares of ARM by 112.3% in the 1st quarter. American Century Companies Inc. now owns 703,365 shares of the company's stock valued at $75,112,000 after purchasing an additional 372,081 shares during the period. Woodline Partners LP increased its holdings in shares of ARM by 9,501.0% in the 4th quarter. Woodline Partners LP now owns 213,238 shares of the company's stock valued at $26,305,000 after purchasing an additional 211,017 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in ARM in the first quarter worth approximately $19,565,000. Institutional investors and hedge funds own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James Financial increased their price objective on ARM from $140.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Guggenheim boosted their price target on ARM from $147.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. UBS Group lowered their price target on ARM from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, July 31st. Finally, Seaport Res Ptn upgraded ARM to a "strong-buy" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $169.67.

ARM Trading Up 2.0%

ARM traded up $2.69 on Friday, hitting $138.17. 2,815,559 shares of the stock traded hands, compared to its average volume of 3,609,340. The firm has a market capitalization of $145.98 billion, a PE ratio of 209.35, a P/E/G ratio of 9.23 and a beta of 4.17. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $182.88. The business has a fifty day moving average price of $145.89 and a two-hundred day moving average price of $130.83.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.ARM's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. On average, equities research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current fiscal 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.