Arm Holdings plc (NASDAQ:ARM) Short Interest Update

Arm Holdings plc (NASDAQ:ARM - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 14,860,000 shares, a growth of 6.8% from the November 15th total of 13,910,000 shares. Approximately 1.4% of the company's shares are sold short. Based on an average trading volume of 5,550,000 shares, the short-interest ratio is currently 2.7 days.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of ARM in a research report on Friday, November 22nd. They set an "overweight" rating and a $155.00 target price on the stock. TD Cowen lifted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. UBS Group assumed coverage on ARM in a research report on Monday, November 25th. They set a "buy" rating and a $160.00 price target on the stock. Raymond James initiated coverage on ARM in a research note on Friday, September 13th. They set an "outperform" rating and a $160.00 price objective for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of ARM in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and an average price target of $150.32.

ARM Stock Up 2.6 %

ARM stock traded up $3.91 during trading on Friday, hitting $151.91. The stock had a trading volume of 8,140,439 shares, compared to its average volume of 10,298,124. ARM has a 1 year low of $65.11 and a 1 year high of $188.75. The stock has a market cap 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. The stock's 50 day moving average is $142.98 and its two-hundred day moving average is $143.45.

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 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 business had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. During the same period in the prior year, the business posted $0.36 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that ARM will post 0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On ARM

Several institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. lifted its position in ARM by 7.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 4,833 shares of the company's stock worth $683,000 after buying an additional 337 shares during the last quarter. Franklin Resources Inc. lifted its stake in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock worth $183,265,000 after acquiring an additional 228,467 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of ARM during the third quarter valued at approximately $419,000. Virtu Financial LLC bought a new stake in ARM during the 3rd quarter valued at $1,163,000. Finally, Hobbs Group Advisors LLC raised its holdings in ARM by 7.4% in the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company's stock worth $208,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Company 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.