Arm Holdings plc (NASDAQ:ARM) Sees Large Decrease in Short Interest

Arm Holdings plc (NASDAQ:ARM) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 12,440,000 shares, a decline of 16.3% from the November 30th total of 14,860,000 shares. Based on an average trading volume of 5,340,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARM. William Blair began coverage on shares of ARM in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. The Goldman Sachs Group upped their price target on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group started coverage on shares of ARM in a research note on Monday, November 25th. They set a “buy” rating and a $160.00 price objective on the stock. Barclays upped their target price on shares of ARM from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Benchmark initiated coverage on shares of ARM in a report on Monday, September 16th. They issued a “hold” rating for the company. Two equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, ARM has an average rating of “Moderate Buy” and an average price target of $150.32.

Institutional Investors Weigh In On ARM

A number of hedge funds have recently added to or reduced their stakes in ARM. ORG Partners LLC bought a new stake in shares of ARM during the third quarter valued at approximately $29,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of ARM by 83.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after buying an additional 117 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of ARM during the second quarter valued at about $47,000. Alta Advisers Ltd bought a new stake in shares of ARM during the second quarter worth about $49,000. Finally, Quantbot Technologies LP acquired a new stake in shares of ARM in the 3rd quarter worth about $52,000. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Down 0.4 %

ARM stock traded down $0.49 during trading hours on Friday, reaching $129.20. 2,797,701 shares of the stock were exchanged, compared to its average volume of 10,112,010. The stock has a 50 day moving average of $139.60 and a two-hundred day moving average of $143.65. The company has a market cap of $135.38 billion, a P/E ratio of 215.34, a price-to-earnings-growth ratio of 7.15 and a beta of 4.67. ARM has a twelve month low of $65.11 and a twelve month high of $188.75.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $844.00 million during 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%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. On average, analysts expect that ARM will post 0.79 earnings per share for the current fiscal 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.