Warm Springs Advisors Inc. Invests $1.85 Million in Arm Holdings plc (NASDAQ:ARM)

Warm Springs Advisors Inc. acquired a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,005 shares of the company's stock, valued at approximately $1,851,000. ARM accounts for approximately 1.7% of Warm Springs Advisors Inc.'s portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership boosted its holdings in ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock valued at $327,088,000 after purchasing an additional 860,716 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position 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 buying an additional 791,392 shares in the last quarter. Schroder Investment Management Group increased its stake 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 worth $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Marshall Wace LLP purchased a new position in ARM during the fourth quarter worth $51,901,000. Finally, Banque Transatlantique SA acquired a new position in ARM in the 4th quarter valued at about $37,440,000. Institutional investors and hedge funds own 7.53% of the company's stock.

Analysts Set New Price Targets

ARM has been the subject of several analyst reports. Bank of America cut their price target on ARM from $144.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Rosenblatt Securities decreased their price target on ARM from $203.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Jefferies Financial Group upped their price objective on shares of ARM from $170.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Cfra Research upgraded ARM to a "hold" rating in a research note on Friday, March 21st. 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 given a strong buy rating to the company. According to MarketBeat.com, ARM presently has an average rating of "Moderate Buy" and an average target price of $152.76.

ARM Stock Down 5.7%

ARM stock traded down $7.72 during mid-day trading on Thursday, hitting $127.82. 3,750,644 shares of the company's stock traded hands, compared to its average volume of 6,904,073. The firm has a 50 day moving average price of $113.74 and a 200 day moving average price of $130.84. The company has a market cap of $133.94 billion, a PE ratio of 168.32, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75.

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