Quantbot Technologies LP Acquires 37,565 Shares of ARM Holdings PLC Sponsored ADR $ARM

Key Points

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Quantbot Technologies LP lifted its holdings in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 826.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,113 shares of the company's stock after purchasing an additional 37,565 shares during the quarter. Quantbot Technologies LP's holdings in ARM were worth $4,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of ARM in the first quarter valued at $28,000. GeoWealth Management LLC grew its holdings in shares of ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. TFC Financial Management Inc. grew its holdings in shares of ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 165 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in ARM in the first quarter worth $34,000. Finally, Colonial Trust Co SC bought a new stake in ARM in the fourth quarter worth $40,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

Shares of NASDAQ:ARM traded up $4.64 on Friday, hitting $137.92. 4,038,830 shares of the company's stock were exchanged, compared to its average volume of 5,300,553. ARM Holdings PLC Sponsored ADR has a 12 month low of $80.00 and a 12 month high of $182.88. The stock has a market capitalization of $145.71 billion, a price-to-earnings ratio of 208.97, a price-to-earnings-growth ratio of 9.22 and a beta of 4.17. The business's 50 day simple moving average is $148.60 and its two-hundred day simple moving average is $132.16.

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

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of analyst reports. Seaport Res Ptn upgraded ARM to a "strong-buy" rating in a research report on Monday, August 11th. Barclays lowered their price target on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Mizuho raised their price target on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Loop Capital lowered their price target on ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, TD Cowen raised their price target on ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $169.67.

About ARM

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.