ARM Target of Unusually Large Options Trading (NASDAQ:ARM)

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) was the target of some unusual options trading on Monday. Traders purchased 85,580 call options on the stock. This is an increase of 43% compared to the average volume of 60,006 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in ARM during the first quarter worth about $434,000. Asset Management One Co. Ltd. grew its holdings in ARM by 11.7% during the first quarter. Asset Management One Co. Ltd. now owns 3,243 shares of the company’s stock worth $346,000 after acquiring an additional 340 shares during the period. Spire Wealth Management grew its holdings in ARM by 15.7% during the first quarter. Spire Wealth Management now owns 1,174 shares of the company’s stock worth $125,000 after acquiring an additional 159 shares during the period. Sunbelt Securities Inc. grew its holdings in ARM by 14.4% during the first quarter. Sunbelt Securities Inc. now owns 3,185 shares of the company’s stock worth $340,000 after acquiring an additional 400 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in ARM by 15.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 33,987 shares of the company’s stock worth $3,629,000 after acquiring an additional 4,493 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARM has been the topic of several research reports. Seaport Res Ptn raised ARM to a “strong-buy” rating in a research report on Monday, August 11th. Evercore ISI upped their price target on ARM from $173.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. BNP Paribas Exane raised ARM from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research report on Wednesday, July 16th. Raymond James Financial increased their target price on ARM from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley dropped their target price on ARM from $180.00 to $171.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.33.

ARM Price Performance

Shares of NASDAQ ARM opened at $173.09 on Wednesday. ARM has a 1-year low of $80.00 and a 1-year high of $183.16. The business’s fifty day moving average price is $151.30 and its two-hundred day moving average price is $141.31. The firm has a market capitalization of $182.87 billion, a PE ratio of 262.26, a P/E/G ratio of 11.22 and a beta of 4.10.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Equities research analysts expect that ARM 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.