Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 269 Shares of Arm Holdings plc (NASDAQ:ARM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Arm Holdings plc (NASDAQ:ARM) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,982 shares of the company’s stock after buying an additional 269 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in ARM were worth $861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in 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 buying an additional 228,467 shares during the last quarter. Raymond James Financial Inc. bought a new position in ARM in the fourth quarter valued at about $32,655,000. Rheos Capital Works Inc. boosted its holdings in ARM by 29.6% in the fourth quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company’s stock valued at $30,211,000 after acquiring an additional 56,000 shares during the last quarter. State Street Corp increased its position in ARM by 19.2% in the third quarter. State Street Corp now owns 221,854 shares of the company’s stock worth $31,727,000 after purchasing an additional 35,720 shares during the period. Finally, Cibc World Market Inc. raised its holdings in ARM by 18.9% during the 4th quarter. Cibc World Market Inc. now owns 219,613 shares of the company’s stock worth $27,091,000 after purchasing an additional 34,847 shares during the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

ARM Trading Up 6.5 %

NASDAQ ARM opened at $125.55 on Friday. Arm Holdings plc has a 1 year low of $85.61 and a 1 year high of $188.75. The firm has a market capitalization of $131.56 billion, a price-to-earnings ratio of 165.20, a P/E/G ratio of 6.33 and a beta of 4.77. The firm’s 50 day simple moving average is $146.69 and its 200 day simple moving average is $141.73.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities boosted their price target on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised their price target on ARM from $159.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Mizuho raised their price objective on ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Jefferies Financial Group boosted their target price on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.23.

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.