Nomura Holdings Inc. Reduces Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

Nomura Holdings Inc. lowered its position in shares of Arm Holdings plc (NASDAQ:ARM) by 82.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,549 shares of the company’s stock after selling 278,345 shares during the quarter. Nomura Holdings Inc.’s holdings in ARM were worth $7,469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in ARM by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company’s stock valued at $12,990,000 after buying an additional 5,440 shares during the period. China Universal Asset Management Co. Ltd. raised its position in shares of ARM by 333.8% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,884 shares of the company’s stock worth $849,000 after purchasing an additional 5,297 shares during the last quarter. Clarus Wealth Advisors purchased a new position in shares of ARM in the 4th quarter worth about $732,000. Envestnet Asset Management Inc. raised its position in shares of ARM by 0.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company’s stock worth $5,320,000 after purchasing an additional 353 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of ARM in the 4th quarter worth about $471,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

ARM Trading Up 5.3%

ARM opened at $133.45 on Thursday. Arm Holdings plc has a 12-month low of $80.00 and a 12-month high of $188.75. The business’s fifty day simple moving average is $110.78 and its 200-day simple moving average is $131.87. The company has a market capitalization of $139.83 billion, a price-to-earnings ratio of 175.59, a PEG ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. ARM had a return on equity of 11.94% and a net margin of 21.82%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, equities research analysts predict that Arm Holdings plc will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

ARM has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Cfra Research raised ARM to a “hold” rating in a research report on Friday, March 21st. Bank of America lowered their price target on ARM from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. UBS Group reduced their price objective on ARM from $215.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Rosenblatt Securities reduced their price objective on ARM from $203.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.76.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.