Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 97.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,699 shares of the company’s stock after purchasing an additional 39,414 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ARM were worth $5,988,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ARM. Rakuten Securities Inc. purchased a new stake in ARM in the 4th quarter valued at about $1,443,000. Prosperity Wealth Management Inc. acquired a new position in shares of ARM in the 4th quarter worth approximately $277,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ARM by 49.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,555 shares of the company’s stock worth $117,000 after purchasing an additional 514 shares during the period. SVB Wealth LLC purchased a new stake in ARM in the fourth quarter valued at approximately $376,000. Finally, Vontobel Holding Ltd. raised its position in ARM by 116.3% in the fourth quarter. Vontobel Holding Ltd. now owns 23,480 shares of the company’s stock valued at $1,764,000 after purchasing an additional 12,623 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Stock Down 16.9 %

Shares of ARM stock opened at 87.19 on Friday. The stock’s 50-day moving average is 128.44 and its two-hundred day moving average is 86.35. Arm Holdings plc has a 1 year low of 46.50 and a 1 year high of 164.00.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, topping the consensus estimate of 0.25 by 0.04. The firm had revenue of 824.00 million for the quarter, compared to analyst estimates of 762.50 million. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Research analysts forecast that Arm Holdings plc will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

ARM has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on ARM from $70.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Barclays lifted their target price on ARM from $65.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. BNP Paribas lowered shares of ARM from an “outperform” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Friday. Rosenblatt Securities upped their target price on shares of ARM from $140.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, The Goldman Sachs Group increased their target price on shares of ARM from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, ARM has a consensus rating of “Hold” and a consensus price target of 90.28.

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.