Deutsche Bank AG Acquires 137,095 Shares of Arm Holdings plc (NASDAQ:ARM)

Deutsche Bank AG raised its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 203.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 204,499 shares of the company’s stock after acquiring an additional 137,095 shares during the period. Deutsche Bank AG’s holdings in ARM were worth $25,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. AdvisorNet Financial Inc lifted its position in shares of ARM by 6.9% during the 4th quarter. AdvisorNet Financial Inc now owns 2,578 shares of the company’s stock valued at $318,000 after buying an additional 167 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in ARM by 29.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,590 shares of the company’s stock valued at $443,000 after purchasing an additional 810 shares in the last quarter. Clarus Wealth Advisors purchased a new position in ARM during the fourth quarter valued at approximately $732,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of ARM in the fourth quarter worth approximately $2,320,000. Finally, Empirical Asset Management LLC increased its stake in shares of ARM by 2.4% in the fourth quarter. Empirical Asset Management LLC now owns 8,525 shares of the company’s stock worth $1,052,000 after purchasing an additional 200 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Up 5.3%

Shares of NASDAQ:ARM opened at $133.45 on Thursday. The company has a market cap of $139.83 billion, a price-to-earnings ratio of 175.59, a PEG ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The company has a 50-day moving average price of $110.78 and a 200 day moving average price of $131.87.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company earned $0.36 EPS. As a group, equities analysts forecast that Arm Holdings plc will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ARM shares. JPMorgan Chase & Co. lowered their target price on shares of ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Bank of America dropped their price objective on ARM from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company decreased their target price on ARM from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group upped their price target on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Mizuho lifted their price objective on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.76.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.