Commonwealth Equity Services LLC Acquires 7,695 Shares of Arm Holdings plc (NASDAQ:ARM)

Commonwealth Equity Services LLC boosted its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 17.6% in the fourth quarter, Holdings Channel reports. The firm owned 51,341 shares of the company’s stock after purchasing an additional 7,695 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ARM were worth $6,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARM. Quantbot Technologies LP bought a new position in shares of ARM in the third quarter valued at approximately $52,000. Berbice Capital Management LLC bought a new position in shares of ARM in the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. raised its stake 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 acquiring an additional 72 shares during the last quarter. MCF Advisors LLC bought a new position in shares of ARM in the fourth quarter valued at approximately $83,000. Finally, Farther Finance Advisors LLC raised its stake 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 acquiring an additional 453 shares during the last quarter. Institutional investors own 7.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ARM has been the subject of a number of research reports. Mizuho raised their price target on shares of ARM from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday, February 6th. Raymond James raised their price target on shares of ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Loop Capital raised their price target on shares of ARM from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.23.

ARM Stock Performance

ARM stock opened at $119.07 on Friday. The firm’s 50 day simple moving average is $142.75 and its 200 day simple moving average is $140.75. The firm has a market capitalization of $124.77 billion, a PE ratio of 156.67, a price-to-earnings-growth 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.

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.