Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Woodline Partners LP

Woodline Partners LP boosted its holdings in Arm Holdings plc (NASDAQ:ARM) by 9,501.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 213,238 shares of the company’s stock after purchasing an additional 211,017 shares during the quarter. Woodline Partners LP’s holdings in ARM were worth $26,305,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ARM. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, May 8th. Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Bank of America dropped their price objective on shares of ARM from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group lifted their target price on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $152.76.

ARM Trading Down 0.8%

Shares of NASDAQ:ARM opened at $131.04 on Wednesday. The firm has a market cap of $137.31 billion, a PE ratio of 172.42, a price-to-earnings-growth ratio of 6.33 and a beta of 4.39. The company has a fifty day simple moving average of $112.37 and a 200 day simple moving average of $131.31. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. ARM had a net margin of 21.82% and a return on equity of 11.94%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $0.36 EPS. The company’s revenue was up 33.7% on a year-over-year basis. As a group, equities research analysts forecast that Arm Holdings plc will post 0.9 EPS for the current fiscal year.

About ARM

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.