Short Interest in Arm Holdings plc (NASDAQ:ARM) Expands By 7.2%

Arm Holdings plc (NASDAQ:ARM) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 14,530,000 shares, an increase of 7.2% from the September 15th total of 13,560,000 shares. Based on an average daily trading volume, of 8,040,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. RiverPark Advisors LLC increased its position in ARM by 45.3% during the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock worth $40,000 after purchasing an additional 77 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after purchasing an additional 77 shares during the last quarter. BOKF NA lifted its stake in ARM by 33.3% in the 1st quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after purchasing an additional 100 shares during the last quarter. Comerica Bank lifted its stake in ARM by 6.1% in the 1st quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after purchasing an additional 103 shares during the last quarter. Finally, Naples Money Management LLC lifted its stake in ARM by 47.8% in the 1st quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Up 1.2 %

NASDAQ ARM opened at $152.50 on Thursday. ARM has a 1 year low of $46.50 and a 1 year high of $188.75. The firm has a market capitalization of $159.79 billion and a price-to-earnings ratio of 391.04. The firm’s 50 day simple moving average is $135.66 and its 200 day simple moving average is $134.74.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. During the same quarter last year, the company posted $0.24 EPS. The company’s revenue for the quarter was up 39.1% compared to the same quarter last year. On average, equities research analysts forecast that ARM will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARM. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, August 1st. HSBC downgraded ARM from a “hold” rating to a “reduce” rating in a report on Monday, July 29th. TD Cowen raised ARM to a “strong-buy” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their price target on ARM from $82.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of ARM in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.91.

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.