Arm (ARM)

• Market cap: $147B
• 1 day: 2.18%
• 5 days: -1.60%
• 1 month: -3.41%
• 3 months: -13.45%
• 6 months: -21.11%
• Year to date: 9.25%
• 1 year: 104.53%
• 5 years: 120.25%
• 10 years: 120.25%

About: Arm Holdings is the IP owner and developer of the ARM architecture (ARM stands for Acorn RISC Machine), which is used in 99% of the world's smartphone CPU cores, and it also has high market share in other battery-powered devices like wearables, tablets, or sensors. Arm licenses its architecture for a fee, offering different types of licenses depending on the flexibility the customer needs. Customers like Apple or Qualcomm buy architectural licenses, which allows them to modify the architecture and add or delete instructions to tailor the chips to their specific needs. Other clients directly buy off-the-shelf designs from Arm. Off-the-shelf and architectural customers pay a royalty fee per chip shipped.

Employees: 6,629

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

99% more repeat investments, than reductions

Existing positions increased: 265 | Existing positions reduced: 133

74% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 69

21% more call options, than puts

Call options by funds: $5.84B | Put options by funds: $4.84B

8% more funds holding

Funds holding: 557 [Q2] → 601 (+44) [Q3]

0.25% less ownership

Funds ownership: 6.05% [Q2] → 5.8% (-0.25%) [Q3]

16% less capital invested

Capital invested by funds: $10.3B [Q2] → $8.61B (-$1.68B) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 24 [Q2] → 20 (-4) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $100 29% downside
• Avg. target: $151 8% upside
• High target: $180 29% upside

9 analyst ratings

• positive: 7 78%
• neutral: 1 11%
• negative: 1 11%

Wells Fargo Joe Quatrochi 43% 1-year accuracy 3 / 7 met price target	16% upside $162	Overweight Maintained	13 Jan 2025
UBS Timothy Arcuri 55% 1-year accuracy 17 / 31 met price target	14% upside $160	Buy Initiated	25 Nov 2024
Loop Capital Ananda Baruah 55% 1-year accuracy 17 / 31 met price target	29% upside $180	Buy Maintained	11 Nov 2024
JP Morgan Harlan Sur 56% 1-year accuracy 19 / 34 met price target	14% upside $160	Overweight Maintained	7 Nov 2024
Goldman Sachs Toshiya Hari 61% 1-year accuracy 69 / 113 met price target	14% upside $159	Buy Maintained	7 Nov 2024