Rakuten Securities Inc. Has $2.32 Million Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Rakuten Securities Inc. lessened its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 22.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,754 shares of the company’s stock after selling 6,157 shares during the period. ARM accounts for 1.2% of Rakuten Securities Inc.’s portfolio, making the stock its 22nd largest holding. Rakuten Securities Inc.’s holdings in ARM were worth $2,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GeoWealth Management LLC boosted its stake in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock worth $32,000 after buying an additional 92 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of ARM in the fourth quarter valued at about $40,000. Farther Finance Advisors LLC raised its holdings in shares of ARM by 108.6% in the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after buying an additional 453 shares during the last quarter. Harbour Investments Inc. increased its position in ARM by 40.1% in the fourth quarter. Harbour Investments Inc. now owns 902 shares of the company’s stock worth $111,000 after purchasing an additional 258 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in ARM in the fourth quarter worth about $123,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

ARM has been the subject of a number of research reports. UBS Group lowered their price objective on ARM from $215.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. KGI Securities initiated coverage on ARM in a research report on Tuesday, April 15th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. cut their target price on ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Rosenblatt Securities cut their target price on ARM from $203.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.76.

ARM Price Performance

Shares of NASDAQ ARM opened at $142.04 on Tuesday. The stock’s fifty day moving average price is $121.41 and its two-hundred day moving average price is $130.65. Arm Holdings plc has a one year low of $80.00 and a one year high of $188.75. The firm has a market cap of $150.46 billion, a price-to-earnings ratio of 186.90, a P/E/G ratio of 6.33 and a beta of 4.08.

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