Polar Capital Holdings Plc Grows Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Polar Capital Holdings Plc boosted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 763,939 shares of the company’s stock after purchasing an additional 77,420 shares during the period. Polar Capital Holdings Plc owned approximately 0.07% of ARM worth $94,240,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group grew its holdings in shares of ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after purchasing an additional 464,719 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after acquiring an additional 860,716 shares during the last quarter. FMR LLC lifted its stake in ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company’s stock valued at $271,293,000 after buying an additional 133,034 shares in the last quarter. First Trust Advisors LP boosted its position in shares of ARM by 1.9% in the fourth quarter. First Trust Advisors LP now owns 888,817 shares of the company’s stock worth $109,644,000 after buying an additional 16,400 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of ARM by 4,506.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock worth $107,774,000 after purchasing an additional 791,392 shares during the period. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Up 5.3%

NASDAQ:ARM opened at $133.45 on Thursday. The firm has a market cap of $139.83 billion, a PE ratio of 175.59, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The company’s 50-day moving average price is $110.78 and its two-hundred day moving average price is $131.87.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. On average, research analysts expect that Arm Holdings plc will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ARM shares. Raymond James cut their price objective on ARM from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Cfra Research raised shares of ARM to a “hold” rating in a research report on Friday, March 21st. UBS Group lowered their target price on shares of ARM from $215.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. decreased their target price on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, Loop Capital cut their target price on shares of ARM from $195.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.76.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.