Daiwa Securities Group Inc. Purchases 39,414 Shares of Arm Holdings plc (NASDAQ:ARM)

Daiwa Securities Group Inc. boosted its position in Arm Holdings plc (NASDAQ:ARM) by 97.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,699 shares of the company’s stock after buying an additional 39,414 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ARM were worth $5,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ARM. Hoey Investments Inc. purchased a new stake in shares of ARM in the 3rd quarter valued at $27,000. Centerpoint Advisors LLC bought a new position in shares of ARM during the third quarter valued at about $32,000. Ancora Advisors LLC bought a new position in shares of ARM during the third quarter valued at about $32,000. Bamco Inc. NY purchased a new position in shares of ARM in the third quarter worth about $37,000. Finally, Westside Investment Management Inc. bought a new stake in shares of ARM in the 3rd quarter valued at about $43,000. 7.53% of the stock is currently owned by institutional investors.

ARM Stock Performance

ARM stock opened at 87.19 on Friday. Arm Holdings plc has a twelve month low of 46.50 and a twelve month high of 164.00. The stock’s 50 day moving average is 128.44 and its 200 day moving average is 86.35.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, February 7th. The company reported 0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.25 by 0.04. The company had revenue of 824.00 million during the quarter, compared to analysts’ expectations of 762.50 million. ARM’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, research analysts anticipate that Arm Holdings plc will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARM. Evercore ISI started coverage on ARM in a research report on Tuesday. They set an “outperform” rating and a $156.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of ARM from $95.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Daiwa Capital Markets cut shares of ARM from a “buy” rating to a “neutral” rating and increased their price target for the company from $63.00 to $130.00 in a research report on Friday, February 16th. Rosenblatt Securities boosted their price objective on shares of ARM from $140.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Susquehanna reiterated a “neutral” rating and set a $85.00 target price on shares of ARM in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of 90.28.

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.