Yarbrough Capital LLC Invests $356,000 in Arm Holdings plc (NASDAQ:ARM)

Yarbrough Capital LLC purchased a new stake in Arm Holdings plc (NASDAQ:ARM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,332 shares of the company's stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of ARM by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock worth $12,990,000 after purchasing an additional 5,440 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of ARM by 0.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock worth $5,320,000 after purchasing an additional 353 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of ARM by 81.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,008 shares of the company's stock worth $371,000 after purchasing an additional 1,351 shares in the last quarter. Geode Capital Management LLC increased its position in shares of ARM by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 108,531 shares of the company's stock worth $13,388,000 after purchasing an additional 848 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of ARM by 57.6% during the fourth quarter. Vontobel Holding Ltd. now owns 41,148 shares of the company's stock worth $5,076,000 after purchasing an additional 15,046 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ARM. JPMorgan Chase & Co. cut their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Benchmark reissued a "hold" rating on shares of ARM in a report on Thursday, May 8th. Morgan Stanley lowered their price target on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Raymond James lowered their price target on ARM from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, Loop Capital lowered their price target on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $152.76.

ARM Stock Performance

ARM traded up $3.56 during trading on Friday, reaching $133.11. The company's stock had a trading volume of 3,208,725 shares, compared to its average volume of 6,776,742. Arm Holdings plc has a 52-week low of $80.00 and a 52-week high of $188.75. The company's fifty day moving average price is $115.77 and its 200-day moving average price is $130.51. The company has a market capitalization of $141.00 billion, a price-to-earnings ratio of 175.15, a price-to-earnings-growth ratio of 6.33 and a beta of 4.08.

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 analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The firm's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Equities analysts predict 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.