5 High Growth Semiconductor Stocks That Are Profitable

3. Arm Holdings plc (NASDAQ:ARM)

Latest Quarter YoY Revenue Growth: 27.9%

Number of Hedge Fund Holders: 35

Arm Holdings plc (NASDAQ:ARM) is a British company that is engaged in the development of central processing unit (CPU) cores and other chips, software development tools, and more.

On November 20, Wells Fargo analyst Gary Mobley initiated coverage of Arm Holdings plc (NASDAQ:ARM)’s stock with an Overweight rating and a $70 price target. The firm called it “one of the best-positioned companies” in the semiconductor industry.

On November 8, Arm Holdings plc (NASDAQ:ARM) posted its Q2 non-GAAP EPS of $0.36, surpassing the estimates by $0.10. The revenue of $806 million grew 27.9% YoY, topping the estimates by $60.25 million.

According to Insider Monkey’s database, 35 hedge funds were bullish on Arm Holdings plc (NASDAQ:ARM)’s stock in the third quarter. Rajiv Jain’s GQG Partners owned 16.39 million company shares worth $877.184 million, making it the most significant investor in the company.

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