Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. increased its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 156.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,400 shares of the company's stock after buying an additional 11,220 shares during the period. ARM accounts for 7.0% of Mizuho Securities Co. Ltd.'s portfolio, making the stock its 4th largest holding. Mizuho Securities Co. Ltd.'s holdings in ARM were worth $3,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Schroder Investment Management Group acquired a new stake in shares of ARM in the fourth quarter worth about $480,194,000. Wellington Management Group LLP lifted its holdings in ARM by 56.4% in the 4th quarter. Wellington Management Group LLP now owns 4,468,720 shares of the company's stock worth $335,802,000 after purchasing an additional 1,611,926 shares during the last quarter. Robeco Schweiz AG lifted its holdings in ARM by 220.3% in the 4th quarter. Robeco Schweiz AG now owns 2,130,000 shares of the company's stock worth $160,059,000 after purchasing an additional 1,465,000 shares during the last quarter. Mubadala Investment Co PJSC acquired a new stake in ARM in the 4th quarter worth approximately $150,437,000. Finally, Capstone Investment Advisors LLC lifted its holdings in ARM by 362.6% in the 4th quarter. Capstone Investment Advisors LLC now owns 902,000 shares of the company's stock worth $67,781,000 after purchasing an additional 707,000 shares during the last quarter. Institutional investors own 7.53% of the company's stock.

ARM Stock Up 0.7 %

NASDAQ:ARM traded up $0.95 during trading hours on Friday, reaching $132.88. The company had a trading volume of 4,763,139 shares, compared to its average volume of 8,472,216. The stock has a 50-day moving average of $146.84 and a two-hundred day moving average of $132.89. Arm Holdings plc has a one year low of $46.50 and a one year high of $188.75. The firm has a market capitalization of $139.24 billion and a PE ratio of 140.35.

ARM (NASDAQ:ARM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The firm had revenue of $939.00 million for the quarter, compared to analysts' expectations of $905.53 million. During the same period in the prior year, the business posted $0.24 earnings per share. The business's revenue was up 39.1% compared to the same quarter last year. As a group, sell-side analysts expect that Arm Holdings plc will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ARM. Bank of America boosted their target price on ARM from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Monday, June 17th. Loop Capital boosted their target price on ARM from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on ARM from $82.00 to $105.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. Morgan Stanley raised ARM from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $107.00 to $190.00 in a research report on Friday, July 19th. Finally, HSBC downgraded ARM from a "hold" rating to a "reduce" rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $121.56.

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.