GSA Capital Partners LLP Has $2.13 Million Stake in Arm Holdings plc (NASDAQ:ARM)

GSA Capital Partners LLP grew its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,883 shares of the company’s stock after acquiring an additional 876 shares during the quarter. GSA Capital Partners LLP’s holdings in ARM were worth $2,128,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ARM. International Assets Investment Management LLC raised its stake in ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares in the last quarter. Sei Investments Co. increased its stake in shares of ARM by 551.6% in the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after buying an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after acquiring an additional 233,909 shares during the last quarter. Marsico Capital Management LLC bought a new stake in ARM in the second quarter valued at approximately $33,207,000. Finally, ProShare Advisors LLC bought a new stake in ARM in the second quarter valued at approximately $16,611,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley upgraded ARM from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $107.00 to $190.00 in a report on Friday, July 19th. TD Cowen upped their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Sanford C. Bernstein cut ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a report on Thursday, October 31st. Finally, Evercore ISI increased their price target on ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.95.

ARM Trading Down 1.4 %

NASDAQ ARM opened at $139.92 on Wednesday. The firm has a market capitalization of $146.61 billion, a P/E ratio of 233.20, a PEG ratio of 6.72 and a beta of 5.40. The business has a fifty day simple moving average of $142.50 and a 200 day simple moving average of $138.88. Arm Holdings plc has a 12 month low of $50.57 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. As a group, sell-side analysts predict that Arm Holdings plc will post 0.86 EPS for the current fiscal year.

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.