Arm Holdings plc (NASDAQ:ARM) is Renaissance Capital LLC’s 3rd Largest Position

Renaissance Capital LLC increased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,802 shares of the company’s stock after acquiring an additional 690 shares during the period. ARM makes up 8.6% of Renaissance Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Renaissance Capital LLC’s holdings in ARM were worth $13,052,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ORG Partners LLC purchased a new stake in ARM in the third quarter worth approximately $29,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock worth $37,000 after acquiring an additional 117 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of ARM during the 3rd quarter valued at $52,000. Berbice Capital Management LLC purchased a new stake in shares of ARM in the 4th quarter worth $49,000. Finally, Farther Finance Advisors LLC raised its holdings in ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. Institutional investors own 7.53% of the company’s stock.

ARM Stock Performance

NASDAQ ARM opened at $155.65 on Tuesday. The company has a market cap of $163.09 billion, a PE ratio of 259.42, a P/E/G ratio of 7.46 and a beta of 4.56. The firm’s 50 day moving average price is $141.82 and its 200-day moving average price is $139.60. Arm Holdings plc has a 52-week low of $71.60 and a 52-week high of $188.75.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. ARM’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts forecast that Arm Holdings plc will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on ARM shares. Susquehanna boosted their price target on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on shares of ARM from $155.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. increased their price target on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.09.

About ARM

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.