Tidal Investments LLC Has $4.21 Million Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Tidal Investments LLC reduced its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 64.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,467 shares of the company's stock after selling 52,614 shares during the period. Tidal Investments LLC's holdings in ARM were worth $4,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of 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 buying an additional 806,676 shares during the last quarter. Sei Investments Co. lifted its stake in ARM by 551.6% in the second 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in ARM by 186.8% in the third 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 during the last quarter. Mark Asset Management LP increased its stake in shares of ARM by 14.2% during the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company's stock worth $39,038,000 after purchasing an additional 29,686 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of ARM by 19.2% in the 3rd quarter. State Street Corp now owns 221,854 shares of the company's stock valued at $31,727,000 after purchasing an additional 35,720 shares during the period. 7.53% of the stock is owned by institutional investors.

ARM Price Performance

ARM stock traded up $3.91 during midday trading on Friday, reaching $151.91. The company had a trading volume of 8,140,439 shares, compared to its average volume of 10,298,124. The company has a market capitalization of $159.18 billion, a price-to-earnings ratio of 253.18, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. Arm Holdings plc has a 1-year low of $65.11 and a 1-year high of $188.75. The stock has a 50 day moving average price of $142.98 and a 200-day moving average price of $143.32.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. As a group, research analysts anticipate that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a report on Thursday, November 7th. Susquehanna lifted their target price on ARM from $115.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Evercore ISI increased their price target on ARM from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. UBS Group began coverage on ARM in a report on Monday, November 25th. They set a "buy" rating and a $160.00 price target for the company. Finally, Barclays upped their price objective on shares of ARM from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ARM currently has an average rating of "Moderate Buy" and a consensus target price of $150.32.

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.