Jackson Square Capital LLC Has $4.92 Million Stake in Arm Holdings plc (NASDAQ:ARM)

Jackson Square Capital LLC decreased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 27.9% in the 4th quarter, Holdings Channel reports. The fund owned 39,867 shares of the company’s stock after selling 15,445 shares during the period. ARM accounts for 1.2% of Jackson Square Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Jackson Square Capital LLC’s holdings in ARM were worth $4,918,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC raised its stake in shares of ARM by 14.0% during the third quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after acquiring an additional 77 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in ARM by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after buying an additional 100 shares during the last quarter. Hobbs Group Advisors LLC lifted its holdings in ARM by 7.4% in the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after buying an additional 100 shares during the period. Great Valley Advisor Group Inc. grew its holdings in ARM by 5.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after acquiring an additional 102 shares during the period. Finally, Crescent Sterling Ltd. raised its position in shares of ARM by 6.5% in the 4th quarter. Crescent Sterling Ltd. now owns 1,879 shares of the company’s stock worth $232,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ARM shares. Loop Capital raised their target price on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen raised their price objective on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Evercore ISI raised their price target on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen 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 target price of $151.09.

ARM Stock Performance

ARM stock opened at $149.26 on Friday. Arm Holdings plc has a fifty-two week low of $69.32 and a fifty-two week high of $188.75. The firm’s 50-day simple moving average is $137.37 and its 200 day simple moving average is $141.39. The stock has a market cap of $156.40 billion, a PE ratio of 248.77, a price-to-earnings-growth ratio of 6.57 and a beta of 4.53.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, analysts predict that Arm Holdings plc will post 0.84 EPS for the current fiscal 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.