Russell Investments Group Ltd. Acquires 154,460 Shares of Arm Holdings plc (NASDAQ:ARM)

Russell Investments Group Ltd. grew its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 42.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 519,619 shares of the company's stock after acquiring an additional 154,460 shares during the period. Russell Investments Group Ltd. owned about 0.05% of ARM worth $39,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ARM. Hoey Investments Inc. purchased a new stake in shares of ARM in the third quarter worth about $27,000. Centerpoint Advisors LLC purchased a new stake in ARM during the third quarter valued at approximately $32,000. Ancora Advisors LLC purchased a new stake in ARM during the third quarter valued at approximately $32,000. Bamco Inc. NY purchased a new stake in ARM during the third quarter valued at approximately $37,000. Finally, Bfsg LLC purchased a new stake in ARM during the fourth quarter valued at approximately $53,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Trading Down 2.0 %

ARM stock traded down 2.03 during trading on Tuesday, hitting 101.21. The stock had a trading volume of 3,754,900 shares, compared to its average volume of 14,354,737. Arm Holdings plc has a twelve month low of 46.50 and a twelve month high of 164.00. The company's 50-day moving average price is 124.56 and its two-hundred day moving average price is 88.73.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million during the quarter, compared to analyst estimates of 762.50 million. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts anticipate that Arm Holdings plc will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of analyst reports. KeyCorp upped their target price on ARM from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Susquehanna reaffirmed a "neutral" rating and set a $85.00 target price on shares of ARM in a research note on Thursday, April 4th. Wells Fargo & Company upped their target price on ARM from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday. Barclays increased their price objective on ARM from $65.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. upped their target price on ARM from $70.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, ARM presently has a consensus rating of "Hold" and an average target price of 92.08.

About ARM

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.