GQG Partners LLC recently announced the acquisition of new stake in Arm Holdings plc. ADR (NASDAQ:ARM). This fresh investment now brings its stake to 1.60% valued currently at $1.23 billion. In addition, Jennison Associates LLC raised its holdings by 6.35 million to 6.35 million shares.
Currently, there are 1.03B common shares owned by the public and among those 1.02B shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The top 3 mutual fund holders in Arm Holdings plc. ADR are Goldman Sachs GQG Partners Intern, Robeco Capital Gr. Fds. – RobecoS, and Harbor Capital Appreciation Fund. Goldman Sachs GQG Partners Intern owns 6.95 million shares of the company’s stock, all valued at over $522.04 million. The company bought an additional 6.95 million shares recently to bring their total holdings to about 0.68% of the shares outstanding. Robeco Capital Gr. Fds. – RobecoS bought 0.53 million shares to see its total holdings expand to 1.99 million shares valued at over $149.46 million and representing 0.19% of the shares outstanding. Harbor Capital Appreciation Fund bought 1.71 million shares to bring its total holdings to over 1.71 million shares at a value of $128.8 million. Harbor Capital Appreciation Fund now owns shares totaling to 0.17% of the shares outstanding.
However, the script later moved the day high at 78.97, up 5.86%. The company’s stock has a 5-day price change of 12.63% and 51.41% over the past three months. It has a 12-month low price of $46.50 and touched a high of $78.66 over the same period. ARM has an average intraday trading volume of 6.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.54%, 21.50%, and 31.78% respectively.
Institutional ownership of Arm Holdings plc. ADR (NASDAQ: ARM) shares accounts for 7.15% of the company’s 1.03B shares outstanding. Mutual fund holders own 3.30%, while other institutional holders and individual stakeholders account for 3.85% and — respectively.
It has a market capitalization of $80.56B. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.43% over the week and 4.72% over the month.
Analysts forecast that Arm Holdings plc. ADR (ARM) will achieve an EPS of $0.25 for the current quarter, $0.21 for the next quarter and $1.35 for 2025. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.27.
Looking at the support for the ARM, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on December 26, 2023, with the firm’s price target at $85-$110.
