AFT Forsyth & Company Inc. Has $1.97 Million Stock Holdings in Arm Holdings plc (NASDAQ:ARM)

AFT Forsyth & Company Inc. increased its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,951 shares of the company’s stock after buying an additional 545 shares during the period. ARM accounts for about 1.0% of AFT Forsyth & Company Inc.’s portfolio, making the stock its 24th largest holding. AFT Forsyth & Company Inc.’s holdings in ARM were worth $1,968,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its position in ARM by 14,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock worth $1,161,670,000 after buying an additional 806,676 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ARM by 186.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock valued at $52,279,000 after acquiring an additional 233,909 shares in the last quarter. Franklin Resources Inc. increased its position in ARM by 21.7% during the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after acquiring an additional 228,467 shares during the period. SG Americas Securities LLC bought a new position in ARM during the fourth quarter worth about $22,705,000. Finally, UNICOM Systems Inc. acquired a new stake in ARM in the 4th quarter worth about $13,673,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Down 1.5 %

NASDAQ:ARM opened at $155.41 on Thursday. The stock’s 50-day moving average is $145.73 and its 200-day moving average is $139.90. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The stock has a market cap of $162.84 billion, a P/E ratio of 204.49, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARM. Barclays raised their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Benchmark reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Citigroup lifted their price objective on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Mizuho increased their target price on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Susquehanna raised their price target on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

ARM Company Profile

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.