Arm Holdings plc (NASDAQ:ARM) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its stake in Arm Holdings plc (NASDAQ:ARM) by 96.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,131 shares of the company’s stock after selling 620,309 shares during the quarter. Quadrature Capital Ltd’s holdings in ARM were worth $3,021,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ARM. RiverPark Advisors LLC increased its position in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of ARM by 14.0% in the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock worth $90,000 after acquiring an additional 77 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after acquiring an additional 100 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock valued at $281,000 after acquiring an additional 102 shares during the period. Finally, Comerica Bank lifted its holdings in shares of ARM by 6.1% during the 1st quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after acquiring an additional 103 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARM. William Blair assumed coverage on ARM in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Evercore ISI boosted their price target on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group began coverage on shares of ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective for the company. Susquehanna boosted their target price on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ARM has a consensus rating of “Moderate Buy” and an average target price of $150.32.

ARM Trading Down 2.4 %

Shares of ARM stock opened at $137.95 on Friday. The stock’s fifty day simple moving average is $142.57 and its 200-day simple moving average is $142.06. Arm Holdings plc has a 1-year low of $60.89 and a 1-year high of $188.75. The company has a market capitalization of $144.55 billion, a price-to-earnings ratio of 229.92, a P/E/G ratio of 7.01 and a beta of 4.67.

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

ARM 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.