Pittenger & Anderson Inc. Sells 400 Shares of Arm Holdings plc (NASDAQ:ARM)

Pittenger & Anderson Inc. lowered its stake in shares of Arm Holdings plc (NASDAQ:ARM) by 13.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,500 shares of the company’s stock after selling 400 shares during the period. Pittenger & Anderson Inc.’s holdings in ARM were worth $308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Gilliland Jeter Wealth Management LLC lifted its position in ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company’s stock valued at $37,000 after purchasing an additional 117 shares during the period. Berbice Capital Management LLC purchased a new stake in ARM during the 4th quarter valued at $49,000. Quantbot Technologies LP purchased a new stake in ARM during the 3rd quarter valued at $52,000. Farther Finance Advisors LLC lifted its holdings in shares of ARM by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after buying an additional 131 shares during the period. Finally, Valley National Advisers Inc. boosted its stake in shares of ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock worth $75,000 after buying an additional 72 shares during the last quarter. Institutional investors own 7.53% of the company’s stock.

ARM Trading Down 3.2 %

Shares of ARM stock opened at $159.54 on Tuesday. The stock has a market capitalization of $167.17 billion, a price-to-earnings ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The stock’s 50-day moving average price is $147.04 and its 200-day moving average price is $140.48.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen upped their price objective on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their target price on shares of ARM from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Rosenblatt Securities increased their price target on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Loop Capital boosted their price objective on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

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.