Arm Holdings plc (NASDAQ:ARM – Get Free Report) saw unusually large options trading on Monday. Traders bought 44,362 call options on the company. This is an increase of approximately 52% compared to the average daily volume of 29,150 call options.
ARM Trading Up 6.7 %
Shares of NASDAQ:ARM traded up 3.71 during mid-day trading on Monday, reaching 58.70. The company had a trading volume of 7,473,347 shares, compared to its average volume of 8,406,055. The company has a 50-day simple moving average of 52.99. ARM has a one year low of 46.50 and a one year high of 69.00.
ARM (NASDAQ:ARM – Get Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported 0.36 earnings per share for the quarter, topping the consensus estimate of 0.26 by 0.10. The firm had revenue of 806.00 million during the quarter, compared to analysts’ expectations of 739.71 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. Research analysts predict that ARM will post 1.06 earnings per share for the current year.
Analyst Upgrades and Downgrades
Institutional Trading of ARM
Several institutional investors and hedge funds have recently bought and sold shares of the company. Jennison Associates LLC bought a new position in shares of ARM during the 3rd quarter valued at $339,965,000. FMR LLC purchased a new position in shares of ARM in the third quarter worth about $242,812,000. Invesco Ltd. bought a new stake in shares of ARM in the 3rd quarter valued at about $143,092,000. Intel Corp bought a new stake in shares of ARM in the 3rd quarter valued at about $62,965,000. Finally, Loomis Sayles & Co. L P purchased a new stake in ARM during the 3rd quarter valued at about $57,004,000.
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.
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