XTX Topco Ltd Has $928,000 Stock Position in Arm Holdings plc (NASDAQ:ARM)

XTX Topco Ltd boosted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 150.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,486 shares of the company’s stock after purchasing an additional 3,893 shares during the period. XTX Topco Ltd’s holdings in ARM were worth $928,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in 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 purchasing an additional 806,676 shares during the last quarter. Sei Investments Co. lifted its position in shares of ARM by 551.6% in the second 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 last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after buying an additional 233,909 shares during the last quarter. Mark Asset Management LP lifted its position in shares of ARM by 14.2% in the second quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after buying an additional 29,686 shares during the last quarter. Finally, State Street Corp lifted its position in shares of ARM by 19.2% in the third quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after buying an additional 35,720 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

ARM has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on ARM in a research report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price target for the company. JPMorgan Chase & Co. boosted their price target on ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Loop Capital boosted their price target on ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Susquehanna lifted their price objective on ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ARM presently has an average rating of “Moderate Buy” and a consensus price target of $150.32.

ARM Trading Down 1.7 %

ARM stock opened at $137.29 on Wednesday. Arm Holdings plc has a 1-year low of $62.75 and a 1-year high of $188.75. The firm has a market cap of $143.86 billion, a P/E ratio of 233.47, a P/E/G ratio of 7.03 and a beta of 4.71. The business’s 50 day moving average is $142.41 and its 200-day moving average is $142.86.

ARM (NASDAQ:ARM) last released its quarterly earnings data 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 return on equity of 13.69% and a net margin of 18.13%. The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $810.03 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Arm Holdings plc will post 0.79 EPS for the current year.

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.