Mizuho Securities Co. Ltd. Lowers Stake in Arm Holdings plc (NASDAQ:ARM)

Mizuho Securities Co. Ltd. reduced its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 25.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,780 shares of the company's stock after selling 4,620 shares during the period. ARM accounts for approximately 4.9% of Mizuho Securities Co. Ltd.'s investment portfolio, making the stock its 5th largest holding. Mizuho Securities Co. Ltd.'s holdings in ARM were worth $1,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARM. KP Management LLC grew its holdings in shares of ARM by 28.6% in the 3rd quarter. KP Management LLC now owns 45,000 shares of the company's stock valued at $6,435,000 after buying an additional 10,000 shares during the period. Willner & Heller LLC grew its stake in ARM by 193.7% in the third quarter. Willner & Heller LLC now owns 6,799 shares of the company's stock valued at $972,000 after acquiring an additional 4,484 shares during the period. Lazard Asset Management LLC increased its holdings in shares of ARM by 393.0% in the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company's stock worth $3,154,000 after acquiring an additional 20,117 shares in the last quarter. United Advisor Group LLC acquired a new stake in shares of ARM during the third quarter worth about $545,000. Finally, Stephens Inc. AR grew its position in shares of ARM by 312.9% in the 3rd quarter. Stephens Inc. AR now owns 13,770 shares of the company's stock valued at $1,969,000 after purchasing an additional 10,435 shares during the period. Institutional investors own 7.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ARM shares. William Blair initiated coverage on shares of ARM in a research note on Wednesday, September 18th. They set an "outperform" rating for the company. Benchmark started coverage on ARM in a research report on Monday, September 16th. They issued a "hold" rating on the stock. HSBC lowered ARM from a "hold" rating to a "reduce" rating in a research report on Monday, July 29th. Raymond James initiated coverage on shares of ARM in a research note on Friday, September 13th. They set an "outperform" rating and a $160.00 price objective on the stock. Finally, Susquehanna increased their price target on ARM from $115.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $147.95.

ARM Trading Down 3.5 %

ARM stock traded down $4.83 during trading on Wednesday, reaching $135.09. 4,929,932 shares of the stock were exchanged, compared to its average volume of 10,848,915. Arm Holdings plc has a twelve month low of $52.28 and a twelve month high of $188.75. The firm's 50 day moving average is $142.83 and its 200 day moving average is $139.15. The firm has a market cap of $141.55 billion, a P/E ratio of 227.85, a price-to-earnings-growth ratio of 6.39 and a beta of 5.40.

ARM (NASDAQ:ARM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping 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 company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts predict that Arm Holdings plc will post 0.86 earnings per share for the current fiscal 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.