Arm Holdings plc (NASDAQ:ARM) Shares Sold by ING Groep NV

ING Groep NV trimmed its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 81.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,954 shares of the company’s stock after selling 8,751 shares during the quarter. ING Groep NV’s holdings in ARM were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ARM. International Assets Investment Management LLC grew its holdings in ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares during the period. Sei Investments Co. boosted its position in shares of ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after purchasing an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after purchasing an additional 233,909 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of ARM by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock worth $36,366,000 after purchasing an additional 14,584 shares in the last quarter. Finally, Mark Asset Management LP lifted its stake in ARM by 14.2% during the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after purchasing an additional 29,686 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ARM. Loop Capital upped their price target on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Citigroup boosted their target price on ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research report on Thursday, November 7th. TD Cowen boosted their price objective on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.95.

ARM Stock Down 5.6 %

ARM stock opened at $128.73 on Monday. The firm has a 50 day moving average of $143.60 and a two-hundred day moving average of $139.86. Arm Holdings plc has a 12 month low of $53.47 and a 12 month high of $188.75. The company has a market capitalization of $134.89 billion, a price-to-earnings ratio of 214.55, a P/E/G ratio of 6.43 and a beta of 5.40.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period in the prior year, the business posted $0.36 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.