Arm Holdings plc (NASDAQ:ARM) Short Interest Update

Arm Holdings plc (NASDAQ:ARM) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 14,730,000 shares, an increase of 18.9% from the January 15th total of 12,390,000 shares. Based on an average trading volume of 5,900,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.4% of the company’s shares are short sold.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a research note on Thursday, February 6th. Loop Capital increased their target price on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Benchmark reissued a “hold” rating on shares of ARM in a research note on Thursday, February 6th. UBS Group started coverage on ARM in a research note on Monday, November 25th. They set a “buy” rating and a $160.00 target price for the company. Finally, Jefferies Financial Group increased their target price on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has assigned 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 $162.83.

Institutional Investors Weigh In On ARM

Several large investors have recently made changes to their positions in ARM. Schroder Investment Management Group lifted its holdings in ARM by 17.9% during the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock valued at $376,782,000 after purchasing an additional 464,719 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in ARM by 48.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,651,489 shares of the company’s stock valued at $327,088,000 after purchasing an additional 860,716 shares during the last quarter. FMR LLC lifted its holdings in ARM by 6.4% during the 4th quarter. FMR LLC now owns 2,199,197 shares of the company’s stock valued at $271,293,000 after purchasing an additional 133,034 shares during the last quarter. Franklin Resources Inc. lifted its holdings in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in ARM by 1.9% during the 4th quarter. First Trust Advisors LP now owns 888,817 shares of the company’s stock valued at $109,644,000 after purchasing an additional 16,400 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 3.2 %

NASDAQ ARM opened at $159.54 on Monday. The company has a market cap of $167.17 billion, a PE ratio of 209.92, a PEG ratio of 7.83 and a beta of 4.57. ARM has a 12 month low of $85.61 and a 12 month high of $188.75. The stock has a 50 day moving average of $146.64 and a 200-day moving average of $140.22.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.