Vega Investment Solutions Acquires New Stake in Arm Holdings plc (NASDAQ:ARM)

Vega Investment Solutions bought a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,320 shares of the company's stock, valued at approximately $780,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Schroder Investment Management Group raised its holdings in shares of ARM by 17.9% during the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock valued at $376,782,000 after buying an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership grew its position in ARM by 48.1% during the fourth 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 last quarter. FMR LLC raised its stake in shares of ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company's stock worth $271,293,000 after acquiring an additional 133,034 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of ARM by 1.9% in the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company's stock worth $109,644,000 after acquiring an additional 16,400 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of ARM by 4,506.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after acquiring an additional 791,392 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ARM shares. The Goldman Sachs Group increased their target price on shares of ARM from $159.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Morgan Stanley reduced their price objective on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. TD Cowen dropped their target price on ARM from $200.00 to $155.00 and set a "buy" rating for the company in a 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. Finally, Benchmark reaffirmed a "hold" rating on shares of ARM in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.76.

ARM Price Performance

ARM stock traded up $2.53 during trading on Wednesday, reaching $136.49. The company had a trading volume of 1,572,085 shares, compared to its average volume of 6,934,321. Arm Holdings plc has a 52 week low of $80.00 and a 52 week high of $188.75. The business has a 50 day moving average of $113.41 and a 200 day moving average of $130.81. The company has a market cap of $143.01 billion, a P/E ratio of 178.31, a PEG ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The business's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. Research 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.