Jackson Square Capital LLC Sells 15,445 Shares of Arm Holdings plc (NASDAQ:ARM)

Jackson Square Capital LLC lowered its position in Arm Holdings plc (NASDAQ:ARM) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,867 shares of the company’s stock after selling 15,445 shares during the period. ARM comprises 1.2% of Jackson Square Capital LLC’s holdings, making the stock its 23rd largest position. Jackson Square Capital LLC’s holdings in ARM were worth $4,918,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ARM. Franklin Resources Inc. lifted its stake in ARM by 21.7% in the third 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. International Assets Investment Management LLC raised its holdings in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after acquiring an additional 806,676 shares during the period. Sei Investments Co. lifted its position in ARM by 551.6% in the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock valued at $94,790,000 after acquiring an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 worth $52,279,000 after purchasing an additional 233,909 shares during the period. Finally, Mark Asset Management LP increased its holdings in ARM by 14.2% during the 2nd quarter. Mark Asset Management LP now owns 238,589 shares of the company’s stock worth $39,038,000 after purchasing an additional 29,686 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Price Performance

ARM stock opened at $149.26 on Friday. Arm Holdings plc has a one year low of $69.32 and a one year high of $188.75. The stock has a market cap of $156.40 billion, a price-to-earnings ratio of 248.77, a price-to-earnings-growth ratio of 6.57 and a beta of 4.53. The company has a fifty day moving average price of $137.37 and a two-hundred day moving average price of $141.39.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. Research analysts anticipate that Arm Holdings plc will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ARM has been the topic of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of ARM in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on ARM from $144.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. 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 note on Thursday, November 7th. Susquehanna boosted their price objective on shares of ARM from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Loop Capital increased their target price on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.09.

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.