Harvest Fund Management Co. Ltd Has $2.87 Million Stake in Arm Holdings plc (NASDAQ:ARM)

Harvest Fund Management Co. Ltd raised its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 130.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,102 shares of the company’s stock after purchasing an additional 11,364 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in ARM were worth $2,872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KP Management LLC lifted its holdings in ARM by 28.6% during the 3rd quarter. KP Management LLC now owns 45,000 shares of the company’s stock worth $6,435,000 after purchasing an additional 10,000 shares during the last quarter. Willner & Heller LLC grew its stake in shares of ARM by 193.7% in the third quarter. Willner & Heller LLC now owns 6,799 shares of the company’s stock valued at $972,000 after acquiring an additional 4,484 shares in the last quarter. Lazard Asset Management LLC increased its position in ARM by 393.0% during the first quarter. Lazard Asset Management LLC now owns 25,236 shares of the company’s stock worth $3,154,000 after acquiring an additional 20,117 shares during the period. United Advisor Group LLC acquired a new stake in ARM in the 3rd quarter worth about $545,000. Finally, Mizuho Securities Co. Ltd. boosted its holdings in ARM by 156.3% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 18,400 shares of the company’s stock valued at $3,011,000 after purchasing an additional 11,220 shares during the period. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Trading Up 2.1 %

Shares of ARM stock opened at $135.99 on Monday. Arm Holdings plc has a 1-year low of $60.37 and a 1-year high of $188.75. The stock has a market cap of $142.49 billion, a price-to-earnings ratio of 226.65, a PEG ratio of 6.79 and a beta of 5.40. The stock has a 50-day moving average of $143.30 and a 200-day moving average of $140.87.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Arm Holdings plc will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

ARM has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price target on shares of ARM in a research note on Thursday, August 1st. TD Cowen raised their price target on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays upped their price objective on shares of ARM from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and an average price target of $149.86.

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.