Arm Holdings plc (NASDAQ:ARM) Stock Position Lifted by Viawealth LLC

Viawealth LLC lifted its position in Arm Holdings plc (NASDAQ:ARM) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Viawealth LLC’s holdings in ARM were worth $271,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in ARM by 21.7% in the third quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company’s stock worth $183,265,000 after purchasing an additional 228,467 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of ARM by 4,506.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 808,953 shares of the company’s stock valued at $107,774,000 after buying an additional 791,392 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in ARM during the fourth quarter worth about $32,655,000. Rheos Capital Works Inc. lifted 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 worth $30,211,000 after acquiring an additional 56,000 shares during the last quarter. Finally, State Street Corp boosted its stake in ARM by 19.2% in the third quarter. State Street Corp now owns 221,854 shares of the company’s stock valued at $31,727,000 after acquiring an additional 35,720 shares during the period. 7.53% of the stock is currently owned by institutional investors.

ARM Trading Down 1.5 %

Shares of NASDAQ ARM opened at $117.91 on Thursday. The firm has a 50-day moving average of $143.70 and a two-hundred day moving average of $141.00. The company has a market capitalization of $123.55 billion, a price-to-earnings ratio of 155.15, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a twelve month low of $85.61 and a twelve month high of $188.75.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays increased their price target on ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Jefferies Financial Group increased their target price on ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Evercore ISI boosted their price target on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. UBS Group started coverage on shares of ARM in a research report on Monday, November 25th. They set a “buy” rating and a $160.00 price target for the company. Finally, Rosenblatt Securities lifted 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ARM presently has a consensus rating of “Moderate Buy” and a consensus price target 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.