Corps Capital Advisors LLC Invests $871,000 in Arm Holdings plc (NASDAQ:ARM)

Corps Capital Advisors LLC purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,063 shares of the company’s stock, valued at approximately $871,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of ARM by 21.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after purchasing an additional 228,467 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of ARM by 14,351.1% in the third 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 last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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. Rheos Capital Works Inc. boosted its stake in ARM by 29.6% during the 4th quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company’s stock valued at $30,211,000 after acquiring an additional 56,000 shares during the last quarter. Finally, State Street Corp boosted its stake in ARM by 19.2% during the 3rd quarter. State Street Corp now owns 221,854 shares of the company’s stock valued at $31,727,000 after acquiring an additional 35,720 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARM shares. Raymond James upped their target price on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. boosted their price objective on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their target price on ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Mizuho lifted their target price on ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Loop Capital upped their price target on ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

ARM Stock Down 3.7 %

ARM stock opened at $154.36 on Thursday. The company has a 50-day simple moving average of $147.73 and a 200 day simple moving average of $140.91. The company has a market capitalization of $161.74 billion, a P/E ratio of 203.11, a PEG ratio of 6.98 and a beta of 4.57. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.