Mizuho Securities Co. Ltd. Sells 4,620 Shares of Arm Holdings plc (NASDAQ:ARM)

Mizuho Securities Co. Ltd. lowered its stake in Arm Holdings plc (NASDAQ:ARM) by 25.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,780 shares of the company’s stock after selling 4,620 shares during the period. ARM accounts for 4.9% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 5th largest holding. Mizuho Securities Co. Ltd.’s holdings in ARM were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of ARM during the first quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in ARM in the second quarter valued at $33,000. ORG Partners LLC bought a new stake in ARM in the third quarter valued at $29,000. RiverPark Advisors LLC increased its stake in ARM by 45.3% in the second quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in ARM in the second quarter valued at $41,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ARM shares. HSBC downgraded shares of ARM from a “hold” rating to a “reduce” rating in a research report on Monday, July 29th. Morgan Stanley upgraded shares of ARM from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $107.00 to $190.00 in a report on Friday, July 19th. The Goldman Sachs Group boosted their price target on shares of ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Benchmark assumed coverage on shares of ARM in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.95.

ARM Stock Performance

Shares of ARM stock traded down $3.86 during trading on Wednesday, hitting $136.06. The company’s stock had a trading volume of 2,344,492 shares, compared to its average volume of 10,837,193. The company has a fifty day simple moving average of $142.83 and a two-hundred day simple moving average of $139.15. The company has a market capitalization of $142.57 billion, a PE ratio of 226.20, a P/E/G ratio of 6.49 and a beta of 5.40. Arm Holdings plc has a 52 week low of $52.28 and a 52 week high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. ARM’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. As a group, analysts predict that Arm Holdings plc will post 0.86 EPS for the current year.

ARM 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.