International Assets Investment Management LLC Makes New $10.46 Million Investment in Arm Holdings plc (NASDAQ:ARM)

International Assets Investment Management LLC bought a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 139,244 shares of the company’s stock, valued at approximately $10,463,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Americana Partners LLC acquired a new position in ARM in the fourth quarter worth about $541,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ARM by 119.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,263 shares of the company’s stock valued at $2,049,000 after acquiring an additional 14,821 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of ARM by 107.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 83,000 shares of the company’s stock valued at $6,501,000 after acquiring an additional 43,000 shares in the last quarter. Walkner Condon Financial Advisors LLC bought a new position in ARM during the fourth quarter worth $223,000. Finally, OPTIMAS CAPITAL Ltd boosted its holdings in ARM by 50.3% in the fourth quarter. OPTIMAS CAPITAL Ltd now owns 54,395 shares of the company’s stock worth $4,088,000 after purchasing an additional 18,195 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of ARM from $95.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Mizuho lifted their target price on ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Evercore ISI started coverage on ARM in a research report on Tuesday, April 16th. They set an “outperform” rating and a $156.00 price target on the stock. Rosenblatt Securities boosted their price objective on ARM from $140.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, TD Cowen increased their target price on ARM from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, ARM has an average rating of “Hold” and a consensus price target of 92.08.

ARM Trading Up 3.8 %

NASDAQ ARM opened at 101.70 on Monday. Arm Holdings plc has a 12 month low of 46.50 and a 12 month high of 164.00. The company’s 50 day simple moving average is 122.35 and its 200 day simple moving average is 90.06.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, beating analysts’ consensus estimates of 0.25 by 0.04. The company had revenue of 824.00 million for the quarter, compared to analyst estimates of 762.50 million. The company’s revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts anticipate that Arm Holdings plc will post 0.36 EPS for the current fiscal year.

About ARM

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.