Arm Holdings plc (NASDAQ:ARM) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in Arm Holdings plc (NASDAQ:ARM) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,175 shares of the company’s stock after acquiring an additional 15,073 shares during the period. Harvest Fund Management Co. Ltd’s holdings in ARM were worth $4,329,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Quantbot Technologies LP acquired a new position in ARM during the third quarter valued at approximately $52,000. Berbice Capital Management LLC acquired a new position in ARM during the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. lifted its position in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after buying an additional 72 shares in the last quarter. MCF Advisors LLC acquired a new position in ARM during the fourth quarter valued at approximately $83,000. Finally, Farther Finance Advisors LLC lifted its position in ARM by 108.6% during the fourth quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $107,000 after buying an additional 453 shares in the last quarter. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Price Performance

ARM stock opened at $119.72 on Wednesday. Arm Holdings plc has a 1-year low of $85.61 and a 1-year high of $188.75. The firm has a fifty day moving average price of $144.25 and a two-hundred day moving average price of $141.16. The firm has a market cap of $125.45 billion, a price-to-earnings ratio of 157.53, a PEG ratio of 6.33 and a beta of 4.77.

Wall Street Analysts Forecast Growth

ARM has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of ARM from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of ARM in a research report on Thursday, February 6th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Wells Fargo & Company boosted their target price on shares of ARM from $162.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.23.

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.