Stonehage Fleming Financial Services Holdings Ltd Cuts Position in Arm Holdings plc (NASDAQ:ARM)

Stonehage Fleming Financial Services Holdings Ltd reduced its position in shares of Arm Holdings plc (NASDAQ:ARM) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,100 shares of the company’s stock after selling 250 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in ARM were worth $876,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ARM. International Assets Investment Management LLC boosted its position in ARM by 14,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after purchasing an additional 233,909 shares during the period. Franklin Resources Inc. grew its stake in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares in the last quarter. SG Americas Securities LLC purchased a new stake in ARM during the 4th quarter worth about $22,705,000. Finally, Erste Asset Management GmbH acquired a new stake in ARM in the 3rd quarter valued at about $11,646,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARM has been the subject of a number of recent research reports. Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Evercore ISI lifted their price objective on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.09.

ARM Price Performance

Shares of ARM opened at $162.52 on Monday. The company has a market cap of $170.29 billion, a PE ratio of 270.87, a price-to-earnings-growth ratio of 8.41 and a beta of 4.53. Arm Holdings plc has a one year low of $69.32 and a one year high of $188.75. The firm has a 50-day moving average of $140.00 and a 200-day moving average of $140.74.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts expect that Arm Holdings plc will post 0.84 earnings per share 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.