Tidal Investments LLC Purchases 8,091 Shares of Arm Holdings plc (NASDAQ:ARM)

Tidal Investments LLC grew its position in shares of Arm Holdings plc (NASDAQ:ARM) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,558 shares of the company’s stock after buying an additional 8,091 shares during the quarter. Tidal Investments LLC’s holdings in ARM were worth $4,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ARM. Artisan Partners Limited Partnership lifted its position in ARM by 48.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after acquiring an additional 860,716 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock worth $107,774,000 after purchasing an additional 791,392 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of ARM by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after purchasing an additional 464,719 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of ARM during the fourth quarter valued at $51,901,000. Finally, Banque Transatlantique SA purchased a new stake in shares of ARM during the fourth quarter valued at $37,440,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ARM shares. The Goldman Sachs Group boosted their target price on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on shares of ARM from $150.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. UBS Group lowered their price objective on shares of ARM from $215.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Guggenheim dropped their target price on shares of ARM from $180.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Barclays decreased their target price on shares of ARM from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.76.

ARM Price Performance

Shares of NASDAQ:ARM opened at $131.04 on Wednesday. The company has a market capitalization of $137.31 billion, a P/E ratio of 172.42, a P/E/G ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a 1-year low of $80.00 and a 1-year high of $188.75. The firm’s 50 day simple moving average is $112.37 and its two-hundred day simple moving average is $131.31.

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

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.