Arm Holdings plc (NASDAQ:ARM) is CloudAlpha Capital Management Limited Hong Kong’s 10th Largest Position

CloudAlpha Capital Management Limited Hong Kong raised its holdings in Arm Holdings plc (NASDAQ:ARM) by 673.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 61,900 shares of the company’s stock after acquiring an additional 53,900 shares during the period. ARM accounts for about 0.9% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 10th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in ARM were worth $10,128,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. RiverPark Advisors LLC boosted its holdings in shares of ARM by 45.3% in the 2nd quarter. RiverPark Advisors LLC now owns 247 shares of the company’s stock valued at $40,000 after purchasing an additional 77 shares during the last quarter. BOKF NA lifted its position in shares of ARM by 33.3% during the first quarter. BOKF NA now owns 400 shares of the company’s stock worth $51,000 after purchasing an additional 100 shares in the last quarter. Comerica Bank boosted its stake in shares of ARM by 6.1% in the first quarter. Comerica Bank now owns 1,780 shares of the company’s stock valued at $222,000 after purchasing an additional 103 shares during the period. Naples Money Management LLC grew its holdings in ARM by 47.8% during the 1st quarter. Naples Money Management LLC now owns 340 shares of the company’s stock valued at $42,000 after purchasing an additional 110 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in ARM by 2.9% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,159 shares of the company’s stock valued at $645,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Ratings Changes

ARM has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on ARM from $110.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Bank of America upped their price target on shares of ARM from $150.00 to $180.00 and gave the company a “buy” rating in a report on Monday, June 17th. Morgan Stanley upgraded shares of ARM from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $190.00 in a research note on Friday, July 19th. Guggenheim boosted their target price on shares of ARM from $110.00 to $169.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, Daiwa America upgraded shares of ARM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.04.

ARM Price Performance

ARM opened at $136.84 on Wednesday. The stock’s 50 day moving average price is $138.02 and its 200 day moving average price is $132.76. The stock has a market cap of $143.39 billion and a P/E ratio of 148.06. Arm Holdings plc has a 12 month low of $46.50 and a 12 month high of $188.75.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. ARM had a return on equity of 18.97% and a net margin of 12.12%. The company’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. Equities analysts anticipate that Arm Holdings plc will post 0.82 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.