Polar Capital Holdings Plc Buys 77,420 Shares of Arm Holdings plc (NASDAQ:ARM)

Polar Capital Holdings Plc increased its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 11.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 763,939 shares of the company's stock after purchasing an additional 77,420 shares during the period. Polar Capital Holdings Plc owned approximately 0.07% of ARM worth $94,240,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ARM. Artisan Partners Limited Partnership grew its holdings in ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company's stock worth $327,088,000 after acquiring an additional 860,716 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in ARM by 4,506.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company's stock worth $107,774,000 after acquiring an additional 791,392 shares during the last quarter. Schroder Investment Management Group grew its holdings in ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company's stock worth $376,782,000 after acquiring an additional 464,719 shares during the last quarter. Marshall Wace LLP bought a new stake in ARM in the 4th quarter worth $51,901,000. Finally, Banque Transatlantique SA purchased a new stake in shares of ARM in the 4th quarter worth about $37,440,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays dropped their target price on shares of ARM from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. KGI Securities assumed coverage on shares of ARM in a research report on Tuesday, April 15th. They issued a "neutral" rating for the company. Raymond James dropped their target price on shares of ARM from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company dropped their target price on shares of ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group raised their target price on shares of ARM from $159.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.76.

ARM Trading Up 2.2%

NASDAQ:ARM traded up $2.89 on Friday, reaching $135.96. 4,741,834 shares of the stock traded hands, compared to its average volume of 7,040,727. The company has a market capitalization of $142.46 billion, a price-to-earnings ratio of 178.90, a PEG ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The company's fifty day simple moving average is $111.60 and its 200 day simple moving average is $131.45.

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 analysts' consensus estimates of $0.52 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. ARM had a net margin of 21.82% and a return on equity of 11.94%. ARM's revenue was up 33.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. Equities analysts anticipate that Arm Holdings plc will post 0.9 EPS for the current fiscal 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.