Rheos Capital Works Inc. Has $30.21 Million Holdings in Arm Holdings plc (NASDAQ:ARM)

Rheos Capital Works Inc. raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 29.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,900 shares of the company’s stock after buying an additional 56,000 shares during the period. ARM comprises approximately 1.7% of Rheos Capital Works Inc.’s investment portfolio, making the stock its 13th biggest holding. Rheos Capital Works Inc.’s holdings in ARM were worth $30,211,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ARM. International Assets Investment Management LLC grew its position in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after purchasing an additional 806,676 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after buying an additional 233,909 shares in the last quarter. Franklin Resources Inc. grew its holdings in ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after buying an additional 228,467 shares in the last quarter. SG Americas Securities LLC bought a new position in ARM during the 4th quarter worth $22,705,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of ARM during the third quarter worth $11,646,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARM has been the topic of a number of recent research reports. TD Cowen raised their price target on shares of ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Sanford C. Bernstein downgraded shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target for the company. in a research report on Thursday, October 31st. UBS Group started coverage on ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price target on the stock. Susquehanna lifted their price objective on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.09.

ARM Price Performance

ARM opened at $159.55 on Monday. The company’s 50 day moving average price is $141.82 and its two-hundred day moving average price is $139.60. The firm has a market capitalization of $167.18 billion, a price-to-earnings ratio of 265.92, a PEG ratio of 7.46 and a beta of 4.56. Arm Holdings plc has a fifty-two week low of $69.32 and a fifty-two week high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. As a group, equities research analysts predict that Arm Holdings plc will post 0.84 EPS for the current year.

About ARM

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.