Robeco Institutional Asset Management B.V. Acquires 3,145 Shares of Arm Holdings plc (NASDAQ:ARM)

Robeco Institutional Asset Management B.V. increased its holdings in Arm Holdings plc (NASDAQ:ARM) by 27.6% in the third quarter, HoldingsChannel reports. The firm owned 14,559 shares of the company’s stock after purchasing an additional 3,145 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ARM were worth $2,082,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new stake in ARM in the first quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in ARM during the second quarter valued at about $33,000. ORG Partners LLC bought a new stake in ARM during the third quarter valued at about $29,000. RiverPark Advisors LLC boosted 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 acquiring an additional 77 shares during the period. Finally, Mather Group LLC. bought a new stake in ARM during the second quarter valued at about $41,000. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup upped their price target on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Benchmark assumed coverage on shares of ARM in a report on Monday, September 16th. They set a “hold” rating for the company. Sanford C. Bernstein cut shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a report on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of ARM in a report on Thursday. Finally, Daiwa America upgraded shares of ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.57.

ARM Price Performance

ARM opened at $147.48 on Friday. Arm Holdings plc has a one year low of $49.82 and a one year high of $188.75. The company’s 50 day simple moving average is $142.32 and its 200-day simple moving average is $138.01. The stock has a market capitalization of $154.53 billion, a P/E ratio of 245.80, a price-to-earnings-growth ratio of 6.59 and a beta of 5.40.

ARM (NASDAQ:ARM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 14.14%. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. During the same period in the prior year, the firm earned $0.36 earnings per share. ARM’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts anticipate 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.