Franklin Resources Inc. Has $183.27 Million Stake in Arm Holdings plc (NASDAQ:ARM)

Franklin Resources Inc. boosted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 21.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,281,484 shares of the company's stock after buying an additional 228,467 shares during the quarter. Franklin Resources Inc. owned 0.12% of ARM worth $183,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company's stock worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. increased its holdings in ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company's stock worth $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% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company's stock worth $52,279,000 after purchasing an additional 233,909 shares in the last quarter. Marsico Capital Management LLC purchased a new position in ARM in the 2nd quarter valued at $33,207,000. Finally, ProShare Advisors LLC acquired a new stake in shares of ARM in the 2nd quarter worth $16,611,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARM has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price 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. raised their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Sanford C. Bernstein lowered shares of ARM from a "market perform" rating to an "underperform" rating and set a $100.00 target price on the stock. in a research report on Thursday, October 31st. Susquehanna raised their target price on shares of ARM from $115.00 to $118.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Benchmark initiated coverage on shares of ARM in a research report on Monday, September 16th. They issued a "hold" rating on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $150.32.

ARM Trading Up 2.6 %

Shares of NASDAQ:ARM traded up $3.91 during trading on Friday, hitting $151.91. 8,140,439 shares of the company's stock were exchanged, compared to its average volume of 10,298,124. Arm Holdings plc has a 1-year low of $65.11 and a 1-year high of $188.75. The firm has a 50-day moving average price of $142.98 and a two-hundred day moving average price of $143.45. The firm has a market cap of $159.18 billion, a P/E ratio of 253.18, a PEG ratio of 7.15 and a beta of 4.67.

ARM (NASDAQ:ARM - Get Free Report) 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, research analysts predict that Arm Holdings plc will post 0.79 EPS for the current year.

About ARM

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.