Robeco Schweiz AG Decreases Stock Position in Arm Holdings plc (NASDAQ:ARM)

Robeco Schweiz AG cut its holdings in Arm Holdings plc (NASDAQ:ARM) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 845,005 shares of the company’s stock after selling 210,005 shares during the quarter. ARM comprises 2.2% of Robeco Schweiz AG’s holdings, making the stock its 12th largest position. Robeco Schweiz AG owned 0.08% of ARM worth $104,240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARM. Berbice Capital Management LLC acquired a new position in shares of ARM in the fourth quarter valued at about $49,000. Quantbot Technologies LP acquired a new position in shares of ARM in the third quarter valued at about $52,000. Farther Finance Advisors LLC increased its holdings in shares of ARM by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock valued at $60,000 after purchasing an additional 131 shares during the period. Valley National Advisers Inc. increased its holdings in shares of ARM by 13.3% in the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after purchasing an additional 72 shares during the period. Finally, MCF Advisors LLC acquired a new position in shares of ARM in the fourth quarter valued at about $83,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

ARM Stock Performance

ARM stock opened at $138.97 on Thursday. The stock has a 50-day simple moving average of $147.48 and a 200-day simple moving average of $141.93. The company has a market capitalization of $145.62 billion, a P/E ratio of 182.86, a PEG ratio of 6.33 and a beta of 4.56. Arm Holdings plc has a fifty-two week low of $85.61 and a fifty-two week high of $188.75.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of research reports. Evercore ISI increased their price objective on ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. Susquehanna raised their target price on ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.83.

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.