Arm Holdings plc (NASDAQ:ARM) Short Interest Update

Arm Holdings plc (NASDAQ:ARM) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 14,860,000 shares, an increase of 6.8% from the November 15th total of 13,910,000 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 5,550,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARM. B. Riley Wealth Advisors Inc. boosted its holdings in ARM by 7.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,833 shares of the company’s stock worth $683,000 after buying an additional 337 shares during the period. Franklin Resources Inc. boosted its holdings in shares of ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after acquiring an additional 228,467 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of ARM in the third quarter valued at $419,000. Virtu Financial LLC bought a new stake in shares of ARM during the 3rd quarter valued at $1,163,000. Finally, Hobbs Group Advisors LLC raised its stake in shares of ARM by 7.4% during the 3rd quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock valued at $208,000 after purchasing an additional 100 shares during the period. Institutional investors own 7.53% of the company’s stock.

ARM Trading Up 2.6 %

Shares of NASDAQ:ARM traded up $3.91 during midday trading on Friday, reaching $151.91. The company had a trading volume of 8,140,439 shares, compared to its average volume of 10,298,124. ARM has a 52-week low of $65.11 and a 52-week high of $188.75. The company’s 50 day moving average price is $142.98 and its 200 day moving average price is $143.45. The stock has a market cap of $159.18 billion, a P/E ratio of 253.18, a P/E/G ratio of 7.15 and a beta of 4.67.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Susquehanna lifted their price objective on ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Evercore ISI lifted their price target 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. William Blair began coverage on shares of ARM in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. TD Cowen boosted their price objective on shares of ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on shares of ARM in a research note on Friday, November 22nd. They issued an “overweight” rating and a $155.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $150.32.

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.