Arm Holdings plc (NASDAQ:ARM) Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 43.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,384 shares of the company's stock after purchasing an additional 3,721 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in ARM were worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company's stock worth $1,161,670,000 after purchasing an additional 806,676 shares in the last quarter. Sei Investments Co. raised its stake in shares of ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company's stock valued at $94,790,000 after acquiring an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in ARM by 186.8% in 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 purchasing an additional 233,909 shares during the period. Marsico Capital Management LLC acquired a new stake in ARM in the 2nd quarter valued at about $33,207,000. Finally, ProShare Advisors LLC acquired a new stake in ARM in the second quarter valued at approximately $16,611,000. Institutional investors and hedge funds own 7.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ARM shares. Daiwa Capital Markets raised shares of ARM from a "neutral" rating to an "outperform" rating and set a $130.00 price objective for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of ARM from $82.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Susquehanna increased their price objective on ARM from $115.00 to $118.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. William Blair assumed coverage on shares of ARM in a research report on Wednesday, September 18th. They set an "outperform" rating on the stock. Finally, Morgan Stanley raised ARM from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $107.00 to $190.00 in a report on Friday, July 19th. Two 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $147.95.

ARM Stock Down 3.5 %

Shares of ARM stock traded down $4.83 during trading on Wednesday, hitting $135.09. 4,929,932 shares of the company were exchanged, compared to its average volume of 10,848,915. Arm Holdings plc has a fifty-two week low of $52.28 and a fifty-two week high of $188.75. The firm has a 50 day moving average price of $142.83 and a 200 day moving average price of $139.15. The stock has a market capitalization of $141.55 billion, a price-to-earnings ratio of 227.85, a P/E/G ratio of 6.39 and a beta of 5.40.

ARM (NASDAQ:ARM - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analysts' expectations of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Analysts predict that Arm Holdings plc will post 0.86 earnings per share for the current 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.