Toronto Dominion Bank Buys 2,116 Shares of Arm Holdings plc (NASDAQ:ARM)

Toronto Dominion Bank lifted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 119.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,893 shares of the company's stock after purchasing an additional 2,116 shares during the quarter. Toronto Dominion Bank's holdings in ARM were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Polar Capital Holdings Plc boosted its position in shares of ARM by 11.3% during the 4th quarter. Polar Capital Holdings Plc now owns 763,939 shares of the company's stock valued at $94,240,000 after acquiring an additional 77,420 shares in the last quarter. ProShare Advisors LLC lifted its stake in ARM by 23.5% during the fourth quarter. ProShare Advisors LLC now owns 148,866 shares of the company's stock worth $18,364,000 after purchasing an additional 28,311 shares during the period. Quadcap Wealth Management LLC acquired a new stake in ARM during the fourth quarter valued at approximately $210,000. Quantinno Capital Management LP boosted its holdings in ARM by 20.4% during the fourth quarter. Quantinno Capital Management LP now owns 2,505 shares of the company's stock valued at $309,000 after purchasing an additional 425 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of ARM by 13.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 59,483 shares of the company's stock valued at $7,685,000 after purchasing an additional 6,905 shares during the period. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

ARM stock traded down $2.21 during trading hours on Friday, reaching $125.90. 1,650,079 shares of the company's stock traded hands, compared to its average volume of 6,890,543. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The firm's 50 day moving average is $113.81 and its 200-day moving average is $130.74. The firm has a market capitalization of $131.92 billion, a price-to-earnings ratio of 165.88, a PEG ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings data 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. ARM had a net margin of 21.82% and a return on equity of 11.94%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.36 earnings per share. ARM's revenue was up 33.7% compared to the same quarter last year. Analysts predict that Arm Holdings plc will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ARM. KeyCorp cut their target price on ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Loop Capital dropped their price objective on ARM from $195.00 to $155.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Rosenblatt Securities reduced their target price on shares of ARM from $203.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. UBS Group lowered their target price on shares of ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Wells Fargo & Company dropped their target price on shares of ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and a consensus price target 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.