Cynosure Group LLC Has $365,000 Stake in Arm Holdings plc (NASDAQ:ARM)

Cynosure Group LLC reduced its stake in Arm Holdings plc (NASDAQ:ARM) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,552 shares of the company’s stock after selling 342 shares during the period. Cynosure Group LLC’s holdings in ARM were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARM. International Assets Investment Management LLC grew 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 worth $1,161,670,000 after purchasing an additional 806,676 shares during the last quarter. Sei Investments Co. boosted its position in ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after buying an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in ARM by 186.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after acquiring an additional 233,909 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in ARM by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,947 shares of the company’s stock valued at $36,366,000 after acquiring an additional 14,584 shares during the period. Finally, Mark Asset Management LP raised its stake in shares of ARM by 14.2% during the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock valued at $39,038,000 after acquiring an additional 29,686 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ARM shares. Daiwa Capital Markets raised ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of ARM from $82.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Benchmark assumed coverage on shares of ARM in a research report on Monday, September 16th. They issued a “hold” rating on the stock. TD Cowen increased their price objective on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Stock Down 2.5 %

NASDAQ ARM opened at $133.37 on Friday. The company has a market cap of $139.75 billion, a PE ratio of 222.28, a price-to-earnings-growth ratio of 6.97 and a beta of 5.40. The firm’s 50-day simple moving average is $143.07 and its two-hundred day simple moving average is $141.21. Arm Holdings plc has a 52 week low of $60.37 and a 52 week high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $0.36 EPS. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Arm Holdings plc will post 0.79 EPS for the current 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.