International Assets Investment Management LLC Trims Stake in Arm Holdings plc (NASDAQ:ARM)

International Assets Investment Management LLC trimmed its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 99.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,891 shares of the company's stock after selling 806,406 shares during the period. International Assets Investment Management LLC's holdings in ARM were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. grew its position in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. Sei Investments Co. grew its holdings in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company's stock valued at $94,790,000 after buying an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ARM by 186.8% during 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 buying an additional 233,909 shares during the period. Mark Asset Management LP boosted its position in shares of ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company's stock valued at $39,038,000 after acquiring an additional 29,686 shares during the period. Finally, State Street Corp boosted its position in shares of ARM by 19.2% in the third quarter. State Street Corp now owns 221,854 shares of the company's stock valued at $31,727,000 after acquiring an additional 35,720 shares during the period. Institutional investors own 7.53% of the company's stock.

ARM Stock Down 3.2 %

Shares of NASDAQ ARM traded down $4.71 during midday trading on Friday, reaching $140.49. The company had a trading volume of 3,142,041 shares, compared to its average volume of 5,029,062. The firm's fifty day moving average price is $137.38 and its 200-day moving average price is $142.12. Arm Holdings plc has a one year low of $66.66 and a one year high of $188.75. The stock has a market cap of $147.21 billion, a PE ratio of 234.15, a price-to-earnings-growth ratio of 7.15 and a beta of 4.53.

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

Analyst Ratings Changes

Several analysts have issued reports on ARM shares. UBS Group assumed coverage on shares of ARM in a research note on Monday, November 25th. They issued a "buy" rating and a $160.00 target price on the stock. William Blair started coverage on ARM in a research report on Wednesday, September 18th. They issued an "outperform" rating on the stock. Benchmark started coverage on ARM in a research report on Monday, September 16th. They set a "hold" rating for the company. JPMorgan Chase & Co. raised their price target on ARM from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price objective on ARM from $144.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ARM presently has an average rating of "Moderate Buy" and an average target price of $150.32.

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.