Mizuho Markets Cayman LP Grows Holdings in Arm Holdings plc (NASDAQ:ARM)

Mizuho Markets Cayman LP lifted its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 692.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,383 shares of the company’s stock after purchasing an additional 27,423 shares during the quarter. ARM accounts for about 18.8% of Mizuho Markets Cayman LP’s portfolio, making the stock its 2nd biggest position. Mizuho Markets Cayman LP’s holdings in ARM were worth $4,488,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of ARM in the first quarter valued at about $222,000. Empowered Funds LLC acquired a new position in ARM during the 1st quarter worth approximately $252,000. Avantax Advisory Services Inc. bought a new position in shares of ARM during the 1st quarter worth approximately $340,000. Blair William & Co. IL acquired a new stake in shares of ARM in the first quarter valued at approximately $302,000. Finally, Nwam LLC bought a new stake in shares of ARM in the first quarter worth $235,000. Institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ARM shares. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Benchmark began coverage on ARM in a research report on Monday, September 16th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Raymond James began coverage on shares of ARM in a research note on Friday, September 13th. They issued an “outperform” rating and a $160.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ARM currently has an average rating of “Moderate Buy” and an average target price of $147.95.

ARM Stock Down 5.6 %

NASDAQ ARM opened at $128.73 on Friday. The firm has a 50-day moving average price of $143.60 and a two-hundred day moving average price of $139.28. Arm Holdings plc has a 12-month low of $53.47 and a 12-month high of $188.75. The company has a market capitalization of $134.89 billion, a P/E ratio of 214.55, a P/E/G ratio of 6.75 and a beta of 5.40.

ARM (NASDAQ:ARM) last released its quarterly 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 company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Arm Holdings plc will post 0.79 EPS for the current year.

ARM 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.