Arm Holdings plc (NASDAQ:ARM) Stake Raised by Two Sigma Advisers LP

Two Sigma Advisers LP raised its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,600 shares of the company's stock after purchasing an additional 4,000 shares during the period. Two Sigma Advisers LP's holdings in ARM were worth $3,405,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ARM. Atomi Financial Group Inc. acquired a new stake in shares of ARM during the 4th quarter valued at approximately $270,000. Geneos Wealth Management Inc. acquired a new stake in shares of ARM during the 4th quarter valued at approximately $334,000. Kingswood Wealth Advisors LLC raised its position in shares of ARM by 13.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 3,932 shares of the company's stock valued at $485,000 after acquiring an additional 453 shares in the last quarter. Blue Trust Inc. raised its position in shares of ARM by 13.6% during the 4th quarter. Blue Trust Inc. now owns 1,662 shares of the company's stock valued at $205,000 after acquiring an additional 199 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of ARM during the 4th quarter valued at approximately $471,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ARM. Evercore ISI upped their price target on ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Cfra Research upgraded ARM to a "hold" rating in a research note on Friday, March 21st. Barclays lowered their price objective on ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Morgan Stanley lowered their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Wells Fargo & Company lowered their price objective on ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ARM has an average rating of "Moderate Buy" and an average price target of $152.76.

ARM Trading Down 3.5%

ARM stock traded down $4.42 during trading hours on Friday, hitting $123.68. 5,776,562 shares of the stock traded hands, compared to its average volume of 6,898,980. The stock has a 50-day simple moving average of $113.79 and a 200 day simple moving average of $130.60. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75. The company has a market cap of $129.60 billion, a P/E ratio of 162.74, a P/E/G ratio of 6.33 and a beta of 4.39.

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

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.