Quantbot Technologies LP Buys Shares of 366 Arm Holdings plc (NASDAQ:ARM)

Quantbot Technologies LP purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 366 shares of the company’s stock, valued at approximately $52,000.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after acquiring an additional 806,676 shares during the last quarter. Sei Investments Co. lifted its stake in shares of ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after purchasing an additional 490,415 shares during 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 worth $52,279,000 after purchasing an additional 233,909 shares in the last quarter. Marsico Capital Management LLC acquired a new position in ARM during the second quarter worth $33,207,000. Finally, ProShare Advisors LLC bought a new position in ARM during the second quarter valued at about $16,611,000. Institutional investors own 7.53% of the company’s stock.

ARM Stock Up 2.1 %

NASDAQ:ARM opened at $140.89 on Friday. The firm has a market capitalization of $147.63 billion, a PE ratio of 234.82, a price-to-earnings-growth ratio of 7.06 and a beta of 4.67. Arm Holdings plc has a 12-month low of $61.20 and a 12-month high of $188.75. The firm has a 50-day moving average price of $142.48 and a 200 day moving average price of $142.46.

ARM (NASDAQ:ARM) last issued 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. The business 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%. ARM’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. On average, research analysts expect that Arm Holdings plc will post 0.79 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on ARM. Loop Capital increased their price objective on ARM from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, November 11th. Susquehanna increased their price target on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of ARM in a research note on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price objective for the company. Evercore ISI raised their target price on shares of ARM from $173.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.32.

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.