ING Groep NV Has $279,000 Position in Arm Holdings plc (NASDAQ:ARM)

ING Groep NV lessened its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 81.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,954 shares of the company’s stock after selling 8,751 shares during the period. ING Groep NV’s holdings in ARM were worth $279,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ARM. KP Management LLC grew its position in ARM by 28.6% in the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after purchasing an additional 10,000 shares during the last quarter. Willner & Heller LLC increased its stake in ARM by 193.7% during the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after acquiring an additional 4,484 shares during the period. Lazard Asset Management LLC raised its holdings in ARM by 393.0% in the 1st quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock valued at $3,154,000 after acquiring an additional 20,117 shares in the last quarter. United Advisor Group LLC bought a new stake in shares of ARM in the 3rd quarter worth approximately $545,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in shares of ARM by 156.3% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock worth $3,011,000 after purchasing an additional 11,220 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Down 5.6 %

ARM stock opened at $128.73 on Monday. The stock has a market cap of $134.89 billion, a price-to-earnings ratio of 214.55, a P/E/G ratio of 6.43 and a beta of 5.40. Arm Holdings plc has a 12-month low of $53.47 and a 12-month high of $188.75. The business’s 50-day simple moving average is $143.60 and its 200 day simple moving average is $139.86.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $810.03 million. During the same quarter in the previous year, the company earned $0.36 EPS. ARM’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Arm Holdings plc will post 0.79 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of ARM in a research report on Thursday, August 1st. Raymond James started coverage on shares of ARM in a research note on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price on the stock. William Blair started coverage on shares of ARM in a research note on Wednesday, September 18th. They set an “outperform” rating for the company. Daiwa Capital Markets upgraded ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, August 8th. Finally, Daiwa America upgraded ARM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and an average target price of $147.95.

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.