XTX Topco Ltd Acquires 3,893 Shares of Arm Holdings plc (NASDAQ:ARM)

XTX Topco Ltd boosted its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 150.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,486 shares of the company's stock after buying an additional 3,893 shares during the quarter. XTX Topco Ltd's holdings in ARM were worth $928,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ARM. International Assets Investment Management LLC increased its position in 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 during the last quarter. Sei Investments Co. increased its holdings in shares of ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company's stock worth $94,790,000 after buying an additional 490,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company's stock worth $52,279,000 after buying an additional 233,909 shares during the last quarter. Mark Asset Management LP raised its position in shares of ARM by 14.2% in the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company's stock worth $39,038,000 after buying an additional 29,686 shares during the period. Finally, State Street Corp grew its position in ARM by 19.2% during the third quarter. State Street Corp now owns 221,854 shares of the company's stock valued at $31,727,000 after acquiring an additional 35,720 shares during the period. Institutional investors and hedge funds own 7.53% of the company's stock.

ARM Price Performance

Shares of ARM traded up $5.87 during midday trading on Wednesday, reaching $143.16. The stock had a trading volume of 4,453,423 shares, compared to its average volume of 10,319,862. Arm Holdings plc has a 52 week low of $62.75 and a 52 week high of $188.75. The firm's 50 day moving average price is $142.43 and its 200-day moving average price is $143.02. The company has a market capitalization of $150.01 billion, a P/E ratio of 228.82, a P/E/G ratio of 7.03 and a beta of 4.71.

ARM (NASDAQ:ARM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $810.03 million. During the same period in the previous year, the firm earned $0.36 earnings per share. ARM's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analysts Set New Price Targets

ARM has been the topic of several research reports. Evercore ISI raised their price target on shares of ARM from $173.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. TD Cowen boosted their price objective on ARM from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Wells Fargo & Company started coverage on shares of ARM in a research note on Friday, November 22nd. They set an "overweight" rating and a $155.00 price target on the stock. William Blair began coverage on shares of ARM in a report on Wednesday, September 18th. They set an "outperform" rating for the company. Finally, UBS Group started coverage on shares of ARM in a report on Monday, November 25th. They issued a "buy" rating and a $160.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ARM has an average rating of "Moderate Buy" and a consensus price target of $150.32.

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.