Arm Holdings plc (NASDAQ:ARM) is Rakuten Securities Inc.'s 4th Largest Position

Rakuten Securities Inc. lifted its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 61.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,710 shares of the company's stock after purchasing an additional 24,364 shares during the quarter. ARM accounts for approximately 4.0% of Rakuten Securities Inc.'s portfolio, making the stock its 4th largest holding. Rakuten Securities Inc.'s holdings in ARM were worth $9,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in ARM by 14,351.1% in 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 purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. grew its position in ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company's stock valued at $94,790,000 after acquiring an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $52,279,000 after acquiring an additional 233,909 shares in the last quarter. Marsico Capital Management LLC acquired a new position in ARM in the 2nd quarter valued at about $33,207,000. Finally, ProShare Advisors LLC acquired a new position in ARM in the 2nd quarter valued at about $16,611,000. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Stock Down 2.1 %

NASDAQ ARM traded down $3.02 during trading hours on Tuesday, hitting $138.95. 3,375,196 shares of the company were exchanged, compared to its average volume of 10,871,296. The stock has a market cap of $145.60 billion, a PE ratio of 233.44, a price-to-earnings-growth ratio of 6.72 and a beta of 5.40. Arm Holdings plc has a 52 week low of $50.57 and a 52 week high of $188.75. The stock has a 50-day moving average price of $142.50 and a 200 day moving average price of $138.88.

ARM (NASDAQ:ARM - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $810.03 million. During the same quarter last year, the firm posted $0.36 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arm Holdings plc will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on ARM. HSBC cut ARM from a "hold" rating to a "reduce" rating in a research note on Monday, July 29th. TD Cowen increased their target price on ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Sanford C. Bernstein downgraded ARM from a "market perform" rating to an "underperform" rating and set a $100.00 price objective on the stock. in a report on Thursday, October 31st. Hsbc Global Res upgraded ARM to a "moderate sell" rating in a research note on Monday, July 29th. Finally, Daiwa Capital Markets upgraded ARM from a "neutral" rating to an "outperform" rating and set a $130.00 price objective for the company in a research note on Thursday, August 8th. Two 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 stock. According to MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.95.

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.