Traders Buy High Volume of ARM Call Options (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM) saw some unusual options trading activity on Thursday. Stock traders acquired 115,667 call options on the company. This represents an increase of approximately 67% compared to the typical daily volume of 69,342 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARM. Schroder Investment Management Group grew its stake in ARM by 17.9% in the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after acquiring an additional 464,719 shares during the period. Artisan Partners Limited Partnership grew its position in shares of ARM by 48.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after purchasing an additional 860,716 shares during the period. FMR LLC boosted its holdings in ARM by 6.4% in the 4th quarter. FMR LLC now owns 2,199,197 shares of the company’s stock worth $271,293,000 after buying an additional 133,034 shares during the last quarter. Franklin Resources Inc. increased its stake in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after buying an additional 228,467 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after acquiring an additional 806,676 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ARM shares. Citigroup upped their price objective on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Jefferies Financial Group increased their price objective on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Rosenblatt Securities raised their target price on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Stock Up 4.3 %

Shares of NASDAQ:ARM traded up $6.62 during trading on Thursday, hitting $162.03. 9,398,251 shares of the stock traded hands, compared to its average volume of 6,877,770. The company has a fifty day moving average price of $145.73 and a two-hundred day moving average price of $139.90. ARM has a 52-week low of $85.61 and a 52-week high of $188.75. The company has a market cap of $169.78 billion, a price-to-earnings ratio of 214.00, a P/E/G ratio of 7.83 and a beta of 4.57.

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.