After grabbing 16.39 million shares, the institutional investor is now in possession of 16.39 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.60% having worth around $1.01 billion. Moreover, Jennison Associates LLC increased its share by 6.35 million to have a control over 6.35 million shares. And Fidelity Management & Research Co raised its holdings to 4.47 million shares by acquiring 4.47 million shares or 0.44% of the stake.
Arm Holdings plc. ADR (ARM) concluded trading on December 20, 2023 at a closing price of $68.40, with 8.0 million shares of worth about $547.07 million changed hands on the day. On Wednesday the price saw a loss of about -1.48%. Currently the company’s common shares owned by public are about 1.03B shares, out of which, 1.02B shares are available for trading.
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Robeco Capital Gr. Fds. – RobecoS, Fidelity Contrafund, and BlackRock Global Funds – World Te are the top 3 mutual funds which are holding stakes in Arm Holdings plc. ADR Robeco Capital Gr. Fds. – RobecoS is currently holding 1.46 million shares of worth totaling $89.79 million. The company recently came buying 0.91 million shares which brought its stake up to 0.14% of the company’s outstanding shares. Fidelity Contrafund bought 0.21 million shares, after which its hold over company’s outstanding shares expand to 0.12%, leaving 1.19 million shares with the mutual fund that have a worth of about $73.04 million. BlackRock Global Funds – World Te, after buying 1.02 million shares, have now control over 0.10% of the stake in the company. It holds 0.0 shares of worth $62.46 million.
Stock saw a price change of 4.25% in past 5 days and over the past one month there was a price change of 16.56%. Over the period of past 52 weeks, stock dropped to lowest price of $46.50 but also hit the highest price of $71.89 during that period. The average intraday trading volume for Arm Holdings plc. ADR shares is 6.35 million. The stock is currently trading 6.35% above its 20-day simple moving average (SMA20), while that difference is up 19.85% for SMA50 and it goes to 21.26% higher than SMA200.
GQG Partners LLC acquired 16.39 million shares of Arm Holdings plc. ADR having value of about $1.01 billion. Arm Holdings plc. ADR (NASDAQ: ARM) currently have 1.03B outstanding shares and institutions hold larger chunk of about 7.05% of that. Holding of mutual funds in the company is about 2.07% while other institutional holders and individual stake holders have control over 4.97% and — of the stake respectively.
The stock has a current market capitalization of $70.13B. It has Quick Ratio of 4.33 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARM, volatility over the week remained 4.85% while standing at 5.14% over the month.
Analysts are in expectations that Arm Holdings plc. ADR (ARM) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on December 18, 2023 offering a Hold rating for the stock and assigned a target price range of between $60 and $70 to it.
