7,193 Shares in Arm Holdings plc (NASDAQ:ARM) Bought by Haven Private LLC

Haven Private LLC bought a new position in shares of Arm Holdings plc (NASDAQ:ARM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,193 shares of the company’s stock, valued at approximately $887,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Modus Advisors LLC raised its holdings in shares of ARM by 300.2% in the fourth quarter. Modus Advisors LLC now owns 17,935 shares of the company’s stock valued at $2,212,000 after purchasing an additional 13,453 shares during the last quarter. XTX Topco Ltd raised its stake in ARM by 150.1% in the third quarter. XTX Topco Ltd now owns 6,486 shares of the company’s stock valued at $928,000 after purchasing an additional 3,893 shares in the last quarter. Avalon Global Asset Management LLC purchased a new stake in ARM in the third quarter valued at approximately $8,581,000. Charles Schwab Investment Management Inc. grew its holdings in shares of ARM by 89.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company’s stock valued at $2,640,000 after purchasing an additional 8,707 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake 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 acquiring an additional 228,467 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Raymond James upped their target price on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a 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 boosted their price target on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on ARM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Citigroup lifted their price target on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.23.

ARM Price Performance

NASDAQ:ARM opened at $117.92 on Friday. The company has a market cap of $123.56 billion, a price-to-earnings ratio of 155.16, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The stock’s 50 day simple moving average is $146.76 and its two-hundred day simple moving average is $141.78.

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.