19,427 Shares in Arm Holdings plc (NASDAQ:ARM) Acquired by Haven Capital Group Inc.

Haven Capital Group Inc. acquired a new stake in Arm Holdings plc (NASDAQ:ARM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,427 shares of the company’s stock, valued at approximately $2,397,000. ARM makes up approximately 2.3% of Haven Capital Group Inc.’s portfolio, making the stock its 16th biggest position.

Several other large investors also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock valued at $183,265,000 after acquiring an additional 228,467 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in ARM by 4,506.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock valued at $107,774,000 after acquiring an additional 791,392 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ARM in the fourth quarter valued at approximately $32,655,000. Rheos Capital Works Inc. boosted its stake in shares of 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 buying an additional 56,000 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of 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 buying an additional 35,720 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

ARM has been the subject of several research analyst reports. Barclays increased their target price on ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Jefferies Financial Group increased their target price on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Rosenblatt Securities increased their target price on ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Susquehanna increased their target price on ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.23.

ARM Stock Up 2.9 %

NASDAQ:ARM opened at $121.37 on Tuesday. The business’s 50-day moving average price is $144.74 and its 200 day moving average price is $141.25. The firm has a market cap of $127.18 billion, a P/E ratio of 159.70, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 52-week low of $85.61 and a 52-week high of $188.75.

ARM Company 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.