Arm Holdings plc (NASDAQ:ARM) Position Lessened by Natixis

Natixis decreased its stake in Arm Holdings plc (NASDAQ:ARM) by 78.0% during the 1st quarter, HoldingsChannel reports. The firm owned 9,300 shares of the company’s stock after selling 32,900 shares during the period. Natixis’ holdings in ARM were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new stake in ARM during the 1st quarter valued at $3,319,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of ARM during the 1st quarter valued at $25,000. Acadian Asset Management LLC increased its position in shares of ARM by 606.7% during the 1st quarter. Acadian Asset Management LLC now owns 24,524 shares of the company’s stock valued at $3,058,000 after purchasing an additional 21,054 shares during the period. Mizuho Markets Cayman LP acquired a new position in shares of ARM during the 1st quarter valued at $308,000. Finally, Nwam LLC acquired a new position in shares of ARM during the 1st quarter valued at $235,000. Institutional investors own 7.53% of the company’s stock.

ARM Trading Down 5.4 %

ARM traded down 8.54 during trading on Thursday, hitting 149.14. 15,980,800 shares of the stock traded hands, compared to its average volume of 12,806,248. The firm has a 50-day moving average of 151.23 and a 200 day moving average of 124.08. Arm Holdings plc has a 12-month low of 46.50 and a 12-month high of 188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported 0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.30 by 0.06. The company had revenue of 928.00 million during the quarter, compared to analyst estimates of 865.94 million. ARM had a net margin of 9.46% and a return on equity of 16.94%. ARM’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. On average, research analysts anticipate that Arm Holdings plc will post 0.81 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on ARM from $110.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Monday, May 6th. BNP Paribas cut ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price target for the company. in a research report on Friday, April 19th. Susquehanna restated a “neutral” rating and set a $85.00 price objective on shares of ARM in a report on Thursday, April 4th. Finally, Evercore ISI reduced their target price on shares of ARM from $156.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of 109.08.

ARM Company 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.