SG Americas Securities LLC Lowers Position in Arm Holdings plc (NASDAQ:ARM)

SG Americas Securities LLC lessened its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 91.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,479 shares of the company's stock after selling 167,577 shares during the period. SG Americas Securities LLC's holdings in ARM were worth $1,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tufton Capital Management raised its position in ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company's stock worth $546,000 after acquiring an additional 65 shares in the last quarter. Zullo Investment Group Inc. grew its stake in shares of ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock worth $236,000 after buying an additional 85 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after buying an additional 92 shares in the last quarter. Cibc World Markets Corp increased its holdings in shares of ARM by 3.5% during the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after buying an additional 96 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of ARM by 2.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,929 shares of the company's stock valued at $608,000 after acquiring an additional 96 shares during the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Up 4.8%

Shares of NASDAQ ARM traded up $6.46 during midday trading on Monday, reaching $142.01. The company had a trading volume of 4,153,656 shares, compared to its average volume of 6,551,551. The stock has a market cap of $150.43 billion, a PE ratio of 186.86, a price-to-earnings-growth ratio of 6.33 and a beta of 4.08. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75. The firm's fifty day moving average price is $120.29 and its 200-day moving average price is $130.60.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. ARM had a net margin of 21.82% and a return on equity of 11.94%. The firm's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. As a group, equities research analysts expect that Arm Holdings plc will post 0.9 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARM. Wells Fargo & Company lowered their target price on ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Barclays dropped their price objective on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Guggenheim reduced their target price on shares of ARM from $180.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group decreased their price target on shares of ARM from $215.00 to $165.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, TD Cowen cut their price target on shares of ARM from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and an average price target of $152.76.

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.