Arm Holdings plc (NASDAQ:ARM) Shares Sold by ING Groep NV

ING Groep NV decreased its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 81.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,954 shares of the company's stock after selling 8,751 shares during the quarter. ING Groep NV's holdings in ARM were worth $279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC bought a new stake in shares of ARM during the third quarter worth about $29,000. Transcendent Capital Group LLC bought a new stake in shares of ARM during the second quarter worth about $33,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock worth $37,000 after purchasing an additional 117 shares during the last quarter. RiverPark Advisors LLC grew its holdings in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock worth $40,000 after purchasing an additional 77 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of ARM during the second quarter worth about $41,000. Institutional investors and hedge funds own 7.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ARM shares. Benchmark started coverage on ARM in a report on Monday, September 16th. They issued a "hold" rating on the stock. Citigroup upped their target price on ARM from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Barclays upped their price target on ARM from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on ARM from $82.00 to $105.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ARM has a consensus rating of "Moderate Buy" and an average target price of $147.95.

ARM Stock Performance

Shares of ARM stock traded down $0.07 during trading hours on Monday, reaching $128.66. The company had a trading volume of 5,626,418 shares, compared to its average volume of 10,781,253. The stock has a fifty day moving average of $143.60 and a 200-day moving average of $139.86. The company has a market capitalization of $134.81 billion, a price-to-earnings ratio of 212.87, a PEG ratio of 6.43 and a beta of 5.40. Arm Holdings plc has a 12-month low of $55.27 and a 12-month high of $188.75.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) 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 return on equity of 13.69% and a net margin of 18.13%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. On average, analysts forecast 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.