Mizuho Markets Cayman LP Has $4.49 Million Position in Arm Holdings plc (NASDAQ:ARM)

Mizuho Markets Cayman LP grew its position in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 692.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,383 shares of the company's stock after purchasing an additional 27,423 shares during the quarter. ARM makes up 18.8% of Mizuho Markets Cayman LP's holdings, making the stock its 2nd biggest holding. Mizuho Markets Cayman LP's holdings in ARM were worth $4,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new stake in ARM in the first quarter worth approximately $25,000. ORG Partners LLC bought a new stake in shares of ARM during the third quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new stake in ARM during the second quarter worth $33,000. Gilliland Jeter Wealth Management LLC grew its holdings in 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 buying an additional 117 shares in the last quarter. Finally, RiverPark Advisors LLC grew its holdings in ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock worth $40,000 after buying an additional 77 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of ARM traded down $7.62 on Friday, reaching $128.73. The stock had a trading volume of 7,740,277 shares, compared to its average volume of 10,804,335. The firm has a market capitalization of $134.89 billion, a price-to-earnings ratio of 214.55, a price-to-earnings-growth ratio of 6.75 and a beta of 5.40. The company has a 50-day simple moving average of $143.60 and a 200-day simple moving average of $139.28. Arm Holdings plc has a 12-month low of $53.47 and a 12-month high of $188.75.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARM. HSBC cut ARM from a "hold" rating to a "reduce" rating in a research report on Monday, July 29th. Susquehanna boosted their price objective on ARM from $115.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Needham & Company LLC restated a "hold" rating on shares of ARM in a research note on Thursday, November 7th. Rosenblatt Securities restated a "buy" rating and issued a $180.00 target price on shares of ARM in a research note on Thursday, August 1st. Finally, Benchmark assumed coverage on ARM in a research report on Monday, September 16th. They set a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.95.

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.