Arm (ARM)

• Market cap: $120B
• 1 day: 2.15%
• 5 days: 6.23%
• 1 month: 6.80%
• 3 months: -25.57%
• 6 months: -26.13%
• Year to date: -11.04%
• 1 year: 12.69%
• 5 years: 79.35%
• 10 years: 79.35%
• Sector: Technology
• Industry: Semiconductors

About: Arm Holdings is the intellectual property owner and developer of the ARM architecture, 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 allow 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. Both off-the-shelf and architectural customers pay a royalty fee per chip shipped.

Employees: 6,629

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

51% more repeat investments, than reductions

Existing positions increased: 248 | Existing positions reduced: 164

39% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 83

3% more funds holding

Funds holding: 604 [Q3] → 624 (+20) [Q4]

9% more call options, than puts

Call options by funds: $4.46B | Put options by funds: $4.09B

0.28% more ownership

Funds ownership: 5.75% [Q3] → 6.03% (+0.28%) [Q4]

8% less capital invested

Capital invested by funds: $8.53B [Q3] → $7.81B (-$720M) [Q4]

30% less funds holding in top 10

Funds holding in top 10: 20 [Q3] → 14 (-6) [Q4]

Research analyst outlook

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

• Low target: $125 10% upside
• Avg. target: $175 54% upside
• High target: $225 97% upside

14 analyst ratings

• positive: 14 100%
• neutral: 0 0%
• negative: 0 0%

UBS Timothy Arcuri 35% 1-year accuracy 12 / 34 met price target	45% upside $165	Buy Maintained	29 Apr 2025
Wells Fargo Joe Quatrochi 10% 1-year accuracy 1 / 10 met price target	32% upside $150	Overweight Maintained	28 Apr 2025
Barclays Blayne Curtis 18% 1-year accuracy 10 / 56 met price target	10% upside $125	Overweight Maintained	22 Apr 2025
B of A Securities Vivek Arya 52% 1-year accuracy 59 / 114 met price target	26% upside $144	Buy Maintained	16 Apr 2025
Morgan Stanley Lee Simpson 33% 1-year accuracy 1 / 3 met price target	32% upside $150	Overweight Maintained	28 Mar 2025