Arm Holdings plc (NASDAQ:ARM) Short Interest Update

Arm Holdings plc (NASDAQ:ARM) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 10,910,000 shares, a growth of 8.2% from the May 31st total of 10,080,000 shares. Based on an average daily volume of 10,610,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARM. HighTower Advisors LLC bought a new stake in shares of ARM in the 3rd quarter valued at $266,000. PNC Financial Services Group Inc. bought a new stake in shares of ARM during the 3rd quarter valued at about $55,000. Hsbc Holdings PLC bought a new stake in ARM in the third quarter worth approximately $219,000. Ancora Advisors LLC bought a new stake in ARM in the third quarter worth approximately $32,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of ARM during the 3rd quarter worth approximately $4,148,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of ARM in a report on Monday, May 6th. Mizuho upped their price target on shares of ARM from $100.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Susquehanna reaffirmed a “neutral” rating and set a $85.00 price target on shares of ARM in a research report on Thursday, April 4th. KeyCorp increased their target price on shares of ARM from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Evercore ISI dropped their price target on shares of ARM from $156.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, ARM has a consensus rating of “Hold” and an average price target of 103.68.

ARM Trading Up 2.9 %

ARM stock opened at 168.24 on Thursday. The stock has a 50-day moving average price of 130.34 and a two-hundred day moving average price of 113.27. ARM has a 12 month low of 46.50 and a 12 month high of 177.31.

ARM (NASDAQ:ARM) last posted its earnings results on Wednesday, May 8th. The company reported 0.36 earnings per share for the quarter, topping analysts’ consensus estimates of 0.30 by 0.06. The firm had revenue of 928.00 million for the quarter, compared to analyst estimates of 865.94 million. ARM had a net margin of 9.46% and a return on equity of 16.94%. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. As a group, equities analysts predict that ARM will post 0.85 earnings per share for the current fiscal year.

ARM Company 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.