Compass Capital Corp MA ADV Invests $218,000 in Arm Holdings plc (NASDAQ:ARM)

Compass Capital Corp MA ADV purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,765 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of ARM by 20.2% during the 3rd quarter. Creative Planning now owns 37,982 shares of the company’s stock valued at $5,432,000 after buying an additional 6,381 shares in the last quarter. Blue Trust Inc. lifted its position in ARM by 13.1% during the 3rd quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $209,000 after acquiring an additional 169 shares during the period. Raymond James & Associates boosted its stake in ARM by 16.4% during the third quarter. Raymond James & Associates now owns 151,744 shares of the company’s stock worth $21,701,000 after acquiring an additional 21,360 shares in the last quarter. Heritage Oak Wealth Advisors LLC purchased a new stake in ARM in the third quarter worth about $332,000. Finally, Convergence Financial LLC increased its stake in shares of ARM by 39.8% during the third quarter. Convergence Financial LLC now owns 6,401 shares of the company’s stock valued at $915,000 after purchasing an additional 1,822 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on ARM shares. Benchmark reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Jefferies Financial Group boosted their target price on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Evercore ISI raised their price target on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Loop Capital upped their price target on shares of ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Raymond James increased their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

ARM Stock Performance

ARM stock opened at $144.87 on Friday. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The stock has a fifty day moving average of $147.65 and a 200 day moving average of $141.22. The stock has a market cap of $151.80 billion, a PE ratio of 190.62, a price-to-earnings-growth ratio of 6.75 and a beta of 4.57.

About ARM

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.