Arm Holdings plc (NASDAQ:ARM) Short Interest Up 24.2% in April

Arm Holdings plc (NASDAQ:ARM) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 16,560,000 shares, a growth of 24.2% from the March 31st total of 13,330,000 shares. Based on an average trading volume of 5,790,000 shares, the short-interest ratio is presently 2.9 days. Currently, 1.6% of the company’s shares are short sold.

Hedge Funds Weigh In On ARM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARM. Schroder Investment Management Group boosted its holdings in shares of ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after buying an additional 464,719 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after acquiring an additional 860,716 shares in the last quarter. FMR LLC grew its holdings in shares of ARM by 6.4% during the fourth quarter. FMR LLC now owns 2,199,197 shares of the company’s stock worth $271,293,000 after purchasing an additional 133,034 shares during the last quarter. Franklin Resources Inc. increased its position in shares of ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of ARM by 1.9% in the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company’s stock valued at $109,644,000 after purchasing an additional 16,400 shares during the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

NASDAQ:ARM opened at $115.40 on Friday. ARM has a 1 year low of $80.00 and a 1 year high of $188.75. The stock has a market cap of $120.92 billion, a P/E ratio of 151.84, a P/E/G ratio of 6.33 and a beta of 4.48. The stock has a 50-day simple moving average of $111.59 and a 200-day simple moving average of $133.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group reduced their target price on ARM from $215.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Mizuho lifted their price target on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group boosted their price target on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, KGI Securities initiated coverage on shares of ARM in a research report on Tuesday, April 15th. They set a “neutral” rating for the company. Two equities 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. Based on data from MarketBeat, ARM presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.20.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.