Primecap Management Co. CA Sells 22,870 Shares of Arm Holdings plc (NASDAQ:ARM)

Primecap Management Co. CA lessened its position in shares of Arm Holdings plc (NASDAQ:ARM) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 546,620 shares of the company’s stock after selling 22,870 shares during the period. Primecap Management Co. CA owned approximately 0.05% of ARM worth $67,431,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of ARM during the third quarter worth approximately $52,000. Berbice Capital Management LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. raised its position 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 buying an additional 72 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of ARM in the fourth quarter valued at approximately $83,000. Finally, Farther Finance Advisors LLC raised its position in shares of ARM by 108.6% in 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. Institutional investors own 7.53% of the company’s stock.

ARM Stock Down 1.4 %

Shares of ARM stock opened at $119.72 on Wednesday. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75. The stock has a market cap of $125.45 billion, a price-to-earnings ratio of 157.53, a P/E/G ratio of 6.33 and a beta of 4.77. The company’s fifty day moving average is $144.25 and its 200 day moving average is $141.16.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARM. Benchmark reiterated a “hold” rating on shares of ARM in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. UBS Group started coverage on shares of ARM in a research report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Rosenblatt Securities boosted their price objective on shares of ARM from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Susquehanna boosted their price objective on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned 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, the company has an average rating of “Moderate Buy” and a consensus target price of $165.23.

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.