Arm Holdings plc (NASDAQ:ARM) Short Interest Update

Arm Holdings plc (NASDAQ:ARM) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 14,860,000 shares, an increase of 6.8% from the November 15th total of 13,910,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 5,550,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Investors Weigh In On ARM

A number of institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its position in shares of ARM by 7.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,833 shares of the company’s stock worth $683,000 after purchasing an additional 337 shares during the last quarter. Franklin Resources Inc. raised its holdings in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after buying an additional 228,467 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of ARM during the third quarter valued at approximately $419,000. Virtu Financial LLC bought a new stake in shares of ARM during the third quarter valued at approximately $1,163,000. Finally, Hobbs Group Advisors LLC raised its holdings in ARM by 7.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after acquiring an additional 100 shares during the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of research reports. Benchmark started coverage on ARM in a report on Monday, September 16th. They issued a “hold” rating for the company. Raymond James assumed coverage on shares of ARM in a research report on Friday, September 13th. They set an “outperform” rating and a $160.00 price target on the stock. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research note on Thursday, October 31st. Susquehanna lifted 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, TD Cowen upped their price target on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.32.

ARM Stock Performance

Shares of ARM stock traded up $3.91 during trading on Friday, hitting $151.91. The company’s stock had a trading volume of 8,140,439 shares, compared to its average volume of 10,298,124. ARM has a 52 week low of $65.11 and a 52 week high of $188.75. The company has a market capitalization of $159.18 billion, a PE ratio of 253.18, a P/E/G ratio of 7.15 and a beta of 4.67. The company has a fifty day simple moving average of $142.98 and a two-hundred day simple moving average of $143.45.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. As a group, analysts predict that ARM will post 0.79 EPS for the current 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.