Altimeter Capital Management LP Raises Holdings in ARM Holdings PLC Sponsored ADR $ARM

Altimeter Capital Management LP lifted its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 17.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,098,139 shares of the company’s stock after buying an additional 164,931 shares during the quarter. ARM makes up 2.0% of Altimeter Capital Management LP’s holdings, making the stock its 15th largest holding. Altimeter Capital Management LP owned about 0.10% of ARM worth $155,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in ARM by 4.2% in the third quarter. Lazard Asset Management LLC now owns 8,633 shares of the company’s stock worth $1,221,000 after acquiring an additional 349 shares during the period. Creative Planning increased its position in ARM by 1,005.3% during the 3rd quarter. Creative Planning now owns 58,856 shares of the company’s stock valued at $8,328,000 after purchasing an additional 53,531 shares during the period. Duquesne Family Office LLC purchased a new position in ARM during the 3rd quarter valued at about $23,756,000. Horizon Investments LLC raised its holdings in shares of ARM by 18.1% in the 3rd quarter. Horizon Investments LLC now owns 10,480 shares of the company’s stock valued at $1,483,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ARM by 87.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,956 shares of the company’s stock valued at $2,541,000 after purchasing an additional 8,390 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ARM has been the topic of a number of recent research reports. Bank of America reiterated a “neutral” rating and set a $120.00 price objective on shares of ARM in a research note on Tuesday, January 13th. Jefferies Financial Group set a $170.00 target price on ARM in a report on Thursday, February 5th. KeyCorp reaffirmed an “overweight” rating on shares of ARM in a research report on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on ARM from $180.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Finally, Citigroup lowered ARM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.81.

ARM Stock Up 0.5%

NASDAQ ARM opened at $115.75 on Friday. ARM Holdings PLC Sponsored ADR has a 52 week low of $80.00 and a 52 week high of $183.16. The company has a 50 day moving average price of $117.27 and a 200 day moving average price of $134.37. The firm has a market cap of $122.29 billion, a PE ratio of 154.33, a price-to-earnings-growth ratio of 7.99 and a beta of 4.11.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, February 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. ARM had a net margin of 17.15% and a return on equity of 14.01%. ARM’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. ARM has set its Q4 2026 guidance at 0.540-0.620 EPS. On average, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

ARM Profile

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.