Nissay Asset Management Corp Japan ADV Raises Stake in Arm Holdings plc (NASDAQ:ARM)

Nissay Asset Management Corp Japan ADV boosted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,483 shares of the company's stock after buying an additional 6,905 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in ARM were worth $7,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tufton Capital Management raised its holdings in shares of ARM by 1.5% in the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company's stock valued at $546,000 after acquiring an additional 65 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of 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 acquiring an additional 72 shares in the last quarter. Zullo Investment Group Inc. raised its holdings in shares of ARM by 4.6% in the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock valued at $236,000 after acquiring an additional 85 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of 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 acquiring an additional 92 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in shares of ARM by 3.5% in the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock valued at $350,000 after acquiring an additional 96 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

ARM Price Performance

NASDAQ ARM traded down $3.91 during mid-day trading on Monday, hitting $132.05. The stock had a trading volume of 4,183,796 shares, compared to its average volume of 7,029,346. The firm's 50 day moving average is $111.60 and its 200 day moving average is $131.38. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75. The stock has a market capitalization of $138.37 billion, a price-to-earnings ratio of 173.75, a PEG ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The firm's quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. As a group, equities research analysts expect that Arm Holdings plc will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ARM. TD Cowen decreased their price objective on ARM from $200.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 8th. KeyCorp reduced their target price on shares of ARM from $195.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. KGI Securities started coverage on shares of ARM in a report on Tuesday, April 15th. They issued a "neutral" rating for the company. Loop Capital reduced their target price on shares of ARM from $195.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Barclays reduced their target price on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $152.76.

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.