Arm Holdings plc (NASDAQ:ARM) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 61.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,900 shares of the company's stock after selling 14,400 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in ARM were worth $669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pittenger & Anderson Inc. lifted its stake in shares of ARM by 2,500.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 2,080 shares of the company's stock worth $156,000 after buying an additional 2,000 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of ARM during the fourth quarter worth $665,000. Bfsg LLC acquired a new stake in shares of ARM during the fourth quarter worth $53,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of ARM during the fourth quarter worth $2,992,000. Finally, Jennison Associates LLC lifted its position in ARM by 15.7% during the fourth quarter. Jennison Associates LLC now owns 7,346,660 shares of the company's stock valued at $552,065,000 after purchasing an additional 994,551 shares during the period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Up 4.1 %

Shares of ARM stock traded up 4.02 on Friday, reaching 101.95. 5,651,600 shares of the company were exchanged, compared to its average volume of 8,715,785. The business has a 50-day moving average price of 125.07 and a 200 day moving average price of 88.36. Arm Holdings plc has a 1 year low of 46.50 and a 1 year high of 164.00.

ARM (NASDAQ:ARM - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, topping analysts' consensus estimates of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to analysts' expectations of 762.50 million. ARM's quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts forecast that Arm Holdings plc will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ARM shares. KeyCorp boosted their target price on shares of ARM from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Mizuho boosted their target price on shares of ARM from $100.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. BNP Paribas downgraded shares of ARM from an "outperform" rating to a "neutral" rating and set a $100.00 target price for the company. in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their target price on shares of ARM from $70.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Finally, Evercore ISI started coverage on shares of ARM in a research report on Tuesday, April 16th. They set an "outperform" rating and a $156.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of 90.28.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.