Arm Holdings plc (NASDAQ:ARM) Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. grew its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 333.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,884 shares of the company's stock after purchasing an additional 5,297 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in ARM were worth $849,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC acquired a new position in ARM during the third quarter worth approximately $29,000. Gilliland Jeter Wealth Management LLC raised its position in ARM by 83.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock worth $37,000 after buying an additional 117 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of ARM in the 4th quarter worth $49,000. Quantbot Technologies LP purchased a new stake in shares of ARM in the third quarter valued at about $52,000. Finally, Farther Finance Advisors LLC increased its stake in shares of ARM by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company's stock worth $60,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Performance

ARM stock traded up $6.32 during midday trading on Friday, reaching $159.55. 8,002,040 shares of the company were exchanged, compared to its average volume of 6,368,704. The company has a market capitalization of $167.18 billion, a price-to-earnings ratio of 265.92, a P/E/G ratio of 6.90 and a beta of 4.53. The firm's 50-day simple moving average is $141.82 and its 200-day simple moving average is $139.75. Arm Holdings plc has a 1 year low of $69.32 and a 1 year high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last posted 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. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that Arm Holdings plc will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a "hold" rating on shares of ARM in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price target on ARM from $144.00 to $159.00 and gave the company a "buy" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on ARM from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on ARM from $155.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Finally, UBS Group started coverage on shares of ARM in a research note on Monday, November 25th. They set a "buy" rating and a $160.00 price target on the stock. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.09.

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.