Arm Holdings plc (NASDAQ:ARM) Short Interest Update

Arm Holdings plc (NASDAQ:ARM) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 14,860,000 shares, an increase of 6.8% from the November 15th total of 13,910,000 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 5,550,000 shares, the days-to-cover ratio is presently 2.7 days.

ARM Stock Performance

NASDAQ:ARM opened at $145.00 on Tuesday. The firm has a market capitalization of $151.94 billion, a PE ratio of 241.67, a PEG ratio of 7.15 and a beta of 4.67. The stock’s fifty day moving average is $143.05 and its 200 day moving average is $143.78. ARM has a fifty-two week low of $65.11 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, beating 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 business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts forecast that ARM will post 0.79 EPS for the current year.

Institutional Investors Weigh In On ARM

Hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. increased its stake in ARM by 21.7% in 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 during the period. International Assets Investment Management LLC grew its stake in ARM by 14,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares in the last quarter. Sei Investments Co. increased its position in shares of ARM by 551.6% during the second quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after acquiring an additional 490,415 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ARM by 186.8% during the third 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 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 in the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARM. Susquehanna boosted their target price on shares of ARM from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. William Blair started coverage on shares of ARM in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Evercore ISI upped their price objective on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 target price for the company. in a report on Thursday, October 31st. Finally, Loop Capital upped their price target on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.32.

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.