STF Management LP Sells 186 Shares of Arm Holdings plc (NASDAQ:ARM)

STF Management LP lowered its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,708 shares of the company’s stock after selling 186 shares during the period. STF Management LP’s holdings in ARM were worth $244,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after buying an additional 806,676 shares during the period. Sei Investments Co. boosted its position in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after buying an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after buying an additional 233,909 shares during the period. Marsico Capital Management LLC purchased a new stake in ARM during the 2nd quarter valued at $33,207,000. Finally, ProShare Advisors LLC purchased a new stake in ARM during the 2nd quarter valued at $16,611,000. Institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ARM shares. HSBC cut shares of ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. Daiwa Capital Markets raised shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. TD Cowen raised their target price 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. Finally, Evercore ISI raised their target price on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.86.

ARM Stock Performance

NASDAQ:ARM opened at $132.85 on Friday. The firm has a market cap of $139.20 billion, a P/E ratio of 221.42, a P/E/G ratio of 6.64 and a beta of 5.40. Arm Holdings plc has a fifty-two week low of $59.00 and a fifty-two week high of $188.75. The firm has a 50-day simple moving average of $143.52 and a two-hundred day simple moving average of $140.20.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. ARM’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. On average, equities research analysts predict that Arm Holdings plc will post 0.79 EPS for the current 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.