Loomis Sayles & Co. L P Trims Stock Position in Arm Holdings plc (NASDAQ:ARM)

Loomis Sayles & Co. L P decreased its holdings in Arm Holdings plc (NASDAQ:ARM) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 896,700 shares of the company’s stock after selling 75,387 shares during the quarter. Loomis Sayles & Co. L P’s holdings in ARM were worth $128,237,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. RiverPark Advisors LLC lifted its holdings in ARM by 45.3% during 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. Hexagon Capital Partners LLC raised its position in shares of ARM by 14.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after purchasing an additional 77 shares during the period. BOKF NA lifted its stake in shares of ARM by 33.3% during the 1st quarter. BOKF NA now owns 400 shares of the company’s stock valued at $51,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in ARM by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $1,359,000 after buying an additional 100 shares during the period. Finally, Great Valley Advisor Group Inc. increased its stake in ARM by 5.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after buying an additional 102 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARM. Benchmark started coverage on ARM in a research note on Monday, September 16th. They issued a “hold” rating for the company. Hsbc Global Res upgraded shares of ARM to a “moderate sell” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. 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 research note on Thursday, November 7th. Finally, UBS Group began coverage on ARM in a research report on Monday. They set a “buy” rating and a $160.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.32.

ARM Stock Performance

ARM opened at $135.99 on Monday. The stock’s 50 day moving average price is $143.30 and its 200-day moving average price is $140.87. Arm Holdings plc has a one year low of $60.37 and a one year high of $188.75. The stock has a market cap of $142.49 billion, a price-to-earnings ratio of 226.65, a P/E/G ratio of 6.79 and a beta of 5.40.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. ARM had a return on equity of 13.69% and a net margin of 18.13%. ARM’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. As a group, analysts predict that Arm Holdings plc will post 0.79 earnings per share for the current fiscal 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.