Y Intercept Hong Kong Ltd Buys 40,661 Shares of ARM Holdings PLC Sponsored ADR $ARM

Y Intercept Hong Kong Ltd increased its stake in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 581.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,660 shares of the company’s stock after buying an additional 40,661 shares during the period. Y Intercept Hong Kong Ltd’s holdings in ARM were worth $7,709,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ARM. Brooklyn Investment Group bought a new position in ARM in the first quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new position in ARM in the first quarter worth about $34,000. Oliver Lagore Vanvalin Investment Group bought a new position in ARM in the second quarter worth about $39,000. ORG Partners LLC bought a new position in ARM in the second quarter worth about $48,000. Finally, MorganRosel Wealth Management LLC bought a new position in ARM in the first quarter worth about $53,000. 7.53% of the stock is owned by institutional investors.

ARM Trading Up 4.7%

Shares of ARM stock opened at $178.62 on Tuesday. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $183.16. The firm’s 50 day moving average is $150.52 and its 200 day moving average is $140.80. The stock has a market capitalization of $188.71 billion, a P/E ratio of 270.64, a P/E/G ratio of 10.72 and a beta of 4.10.

ARM (NASDAQ:ARM) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

ARM has been the topic of a number of recent research reports. BNP Paribas Exane upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Wednesday, July 16th. The Goldman Sachs Group initiated coverage on shares of ARM in a report on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of ARM in a report on Wednesday, October 8th. TD Cowen upped their price objective on shares of ARM from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $180.00 price objective on shares of ARM in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus price target of $169.33.

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.