UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Arm Holdings plc (NASDAQ:ARM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 1,596.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,100 shares of the company's stock after purchasing an additional 104,550 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in ARM were worth $13,705,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Artisan Partners Limited Partnership lifted its position in ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after acquiring an additional 860,716 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after buying an additional 791,392 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of ARM by 17.9% in the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after buying an additional 464,719 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of ARM in the fourth quarter worth approximately $51,901,000. Finally, Banque Transatlantique SA purchased a new position in shares of ARM in the fourth quarter worth approximately $37,440,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ARM. KGI Securities began coverage on shares of ARM in a report on Tuesday, April 15th. They issued a "neutral" rating on the stock. Bank of America dropped their price objective on shares of ARM from $144.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Citigroup dropped their price objective on shares of ARM from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Evercore ISI lifted their price target on shares of ARM from $176.00 to $202.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Raymond James reduced their price target on shares of ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Two investment 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 stock. Based on data from MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and an average target price of $152.76.

ARM Stock Performance

ARM stock traded up $2.49 during midday trading on Monday, hitting $127.03. 2,098,831 shares of the company's stock were exchanged, compared to its average volume of 6,879,918. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The firm has a 50-day moving average of $113.79 and a two-hundred day moving average of $130.56. The company has a market cap of $133.11 billion, a PE ratio of 167.20, a P/E/G ratio of 6.33 and a beta of 4.39.

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