Westwood Holdings Group Inc. Sells 5,367 Shares of Arm Holdings plc (NASDAQ:ARM)

Westwood Holdings Group Inc. reduced its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,912 shares of the company’s stock after selling 5,367 shares during the quarter. Westwood Holdings Group Inc.’s holdings in ARM were worth $12,942,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ARM. Artisan Partners Limited Partnership increased its position in ARM by 48.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after acquiring an additional 860,716 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in ARM by 4,506.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock valued at $107,774,000 after purchasing an additional 791,392 shares during the last quarter. Schroder Investment Management Group grew its holdings in ARM by 17.9% during the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after purchasing an additional 464,719 shares during the last quarter. Marshall Wace LLP bought a new position in ARM during the 4th quarter valued at about $51,901,000. Finally, Banque Transatlantique SA bought a new position in ARM during the 4th quarter valued at about $37,440,000. Institutional investors own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ARM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research report on Thursday, May 8th. Rosenblatt Securities cut their price objective on ARM from $203.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Morgan Stanley cut their price target on shares of ARM from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Barclays cut their price target on shares of ARM from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Citigroup cut their price target on shares of ARM from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ARM has an average rating of “Moderate Buy” and a consensus target price of $152.76.

ARM Trading Down 2.9%

NASDAQ:ARM opened at $132.05 on Tuesday. Arm Holdings plc has a 12 month low of $80.00 and a 12 month high of $188.75. The firm has a fifty day simple moving average of $111.99 and a 200-day simple moving average of $131.32. The company has a market capitalization of $138.37 billion, a P/E ratio of 173.75, a PEG ratio of 6.33 and a beta of 4.39.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, topping 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 firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue was up 33.7% compared to the same quarter last year. Equities analysts forecast that Arm Holdings plc will post 0.9 EPS for the current year.

About ARM

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.