MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 4,004 Shares of Arm Holdings plc (NASDAQ:ARM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,775 shares of the company's stock after selling 4,004 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in ARM were worth $11,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GeoWealth Management LLC raised its stake in ARM by 53.8% in the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock valued at $32,000 after buying an additional 92 shares during the period. Colonial Trust Co SC bought a new stake in ARM in the fourth quarter valued at approximately $40,000. Berbice Capital Management LLC bought a new stake in ARM in the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. raised its stake in ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after buying an additional 72 shares during the period. Finally, MCF Advisors LLC bought a new position in shares of ARM during the fourth quarter worth approximately $83,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Price Performance

Shares of NASDAQ ARM traded down $1.01 during mid-day trading on Tuesday, hitting $131.04. 3,101,975 shares of the stock traded hands, compared to its average volume of 7,013,724. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The company has a market cap of $137.31 billion, a PE ratio of 172.42, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. The firm has a 50 day simple moving average of $111.99 and a two-hundred day simple moving average of $131.32.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating 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 company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.36 EPS. ARM's revenue for the quarter was up 33.7% on a year-over-year basis. On average, equities research analysts anticipate that Arm Holdings plc will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on ARM from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Benchmark reiterated a "hold" rating on shares of ARM in a research note on Thursday, May 8th. The Goldman Sachs Group increased their target price on ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Loop Capital lowered their target price on ARM from $195.00 to $155.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, UBS Group lowered their target price on ARM from $215.00 to $165.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $152.76.

ARM Company 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.