Arm Holdings plc (NASDAQ:ARM) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its holdings in Arm Holdings plc (NASDAQ:ARM - Free Report) by 78.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,965 shares of the company's stock after selling 67,132 shares during the period. Penserra Capital Management LLC's holdings in ARM were worth $2,569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ARM. ORG Partners LLC purchased a new stake in shares of ARM in the third quarter valued at about $29,000. Transcendent Capital Group LLC purchased a new position in shares of ARM during the second quarter valued at approximately $33,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock valued at $37,000 after buying an additional 117 shares during the period. RiverPark Advisors LLC lifted its stake in shares of ARM by 45.3% during the second quarter. RiverPark Advisors LLC now owns 247 shares of the company's stock valued at $40,000 after buying an additional 77 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of ARM during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Price Performance

ARM traded down $2.96 during trading hours on Tuesday, reaching $136.72. 2,579,642 shares of the stock traded hands, compared to its average volume of 10,595,851. The firm's fifty day simple moving average is $143.32 and its two-hundred day simple moving average is $141.12. The company has a market cap of $143.26 billion, a price-to-earnings ratio of 229.14, a PEG ratio of 6.79 and a beta of 5.40. Arm Holdings plc has a fifty-two week low of $60.37 and a fifty-two week high of $188.75.

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, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. On average, research analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ARM. Rosenblatt Securities reissued a "buy" rating and set a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of ARM from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. TD Cowen increased their price target on shares of ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Loop Capital increased their price target on shares of ARM from $130.00 to $180.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, UBS Group started coverage on shares of ARM in a research note on Monday. They set a "buy" rating and a $160.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ARM presently has a consensus rating of "Moderate Buy" and a consensus 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.