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

Polar Capital Holdings Plc raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 11.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 763,939 shares of the company’s stock after purchasing an additional 77,420 shares during the period. Polar Capital Holdings Plc’s holdings in ARM were worth $94,240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ARM. GeoWealth Management LLC grew its holdings in shares of ARM by 53.8% in the 4th 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 acquired a new stake in shares of ARM during the fourth quarter worth about $40,000. Berbice Capital Management LLC bought a new position in shares of ARM during the 4th quarter valued at about $49,000. Valley National Advisers Inc. grew its position in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the period. Finally, MCF Advisors LLC bought a new stake in ARM during the 4th quarter worth approximately $83,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

ARM has been the topic of a number of research reports. UBS Group cut their price target on shares of ARM from $215.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. 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 research note on Tuesday. Raymond James dropped their price target on ARM from $175.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. KeyCorp reduced their price objective on ARM from $195.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Finally, Barclays dropped their target price on ARM from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus target price of $152.76.

ARM Stock Up 5.3%

Shares of NASDAQ ARM opened at $133.45 on Thursday. The business’s 50 day moving average price is $110.78 and its two-hundred day moving average price is $131.87. The company has a market cap of $139.83 billion, a PE ratio of 175.59, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a twelve month low of $80.00 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. ARM had a return on equity of 11.94% and a net margin of 21.82%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.36 EPS. The firm’s revenue was up 33.7% compared to the same quarter last year. As a group, research analysts anticipate that Arm Holdings plc will post 0.9 EPS for the current fiscal year.

ARM 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.